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Subject = "Taxes"
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Britain's Monetary Effort
Unknown, 1917, Press cutting, Reproduction
Item
of 8
Britain's Monetary Effort
Britain's Monetary Effort
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Location
Category
Library Item
Item no
32733
Title
"It Will Not Be Want of Money ... ": Britain's Huge Effort
Description
From the Illustrated London News published August 11th, 1917, page 165. Diagrams by W.B. Robinson. Full title: Great Britain's enormous share in the cost of the war: Figures and diagrams illustrating the gigantic growth of our expenditure.
Artist / maker
Unknown
Date
1917
Size
39.6 x 26.7 cm
Type
Press cutting
;
Reproduction
Location
Reference Library
Prior to the onset of WWI, Britain's economy, along with the pre-war economies of many of the other warring countries, was strong and stable. However, the unprecedented human and financial costs of war ushered in post-war economic instability and much of Europe experienced high rates of both inflation and unemployment. The debt incurred during the war was equivalent to 136% of Britain's gross national product and nudged the economy into a depression that would take decades to lift.
Read more about the aftermath of World War One from
The National Archives
You can search the entire 1914-19 archives of
the Illustrated London News
online.
Exhibitions with this item
ILN During WWI: Sacrifice and Support for the war
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Related subjects
Events
>
Wars
>
World wars
Government
>
National
>
Taxes
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>
United Kingdom
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