Answer:
(i) The war had led to
an economic boom, to a large increase in demand, production and employment.
When the war boom ended, production contracted and unemployment increased.
(ii) At the same
time the government reduced bloated war expenditures to bring them into line
with peacetime revenues.
(iii) These
developments led to huge job losses?in 1921, one in every five British workers
was out of work.
Indeed anxiety and
uncertainty about work became an enduring part of the post war scenario.
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