Economics P12 Flashcards
0
Q
In what year did the British debt peak?
A
1918
1
Q
Printing US dollars accounted for what percent of war expenditures?
A
14.1%
2
Q
What was Britain’s debt peak relative to GDP and in pounds?
A
127.5%
£7.481
3
Q
The British relied most heavily on what kind of tax?
A
Excise Tax
4
Q
What goods were subject to the British Excise Tax?
A
Alcohol Tobacco Tea Automobiles Musical Instruments
5
Q
What 3 types of taxes increased in Britain during WWI?
A
Property Tax
Income Tax
Excise Tax
6
Q
How many loans did Great Britain issue during WWI?
A
3 Loans
