Why Did the Household Incomes Decline After the First World War? Give Two Reasons.

The various reasons for the decline in the family income after the First World War were:

1. The large scale deaths and injuries in the First World War reduced the working age people in Europe, declined the family income and the women had to undertake jobs to run the family.

2. The First World War led to an economic boom which means large increase in demand, production and employment but the production decreased arid the unemployment increased when the war ended. In the year 1921, there was huge job losses, almost l/5th of the British workers were out of job.

3. Again after the War, Eastern Europe revived the wheat production. Due to this there was tremendous supply of wheat in the world market which resulted in falling prices, decline of the rural income and the fanners fell in debt.

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