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| Topic: |
History
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| Number of pages / Number of words: |
7 / 1824 |
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The war had affected the Britain so much that the government expenditure rose from 1.4 million pounds in 1939-1940 to 6.1 million pounds by 1944-1945, in which much of them were paid for by higher income tax, which increased from 25 per cent up to 50 per cent (Pugh, 1999: 208). Other than that, as a result of the "Lend Lease" agreements from the United States that assisted Britain in financial, Britain was in higher debts due to the fact that all her reserves of gold, dollars and overseas investment had terribly decreasing...
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Other than that, as a result of the "Lend Lease" agreements from the United States that assisted Britain in financial, Britain was in higher debts due to the fact that all her reserves of gold, dollars and overseas investment had terribly decreasing. At this time, Britain was in such a stunning period because when considering on the debt she had owed, it had risen up from 500 million pounds to 3500 million pounds, which may be a non-repayable amount of money Britain could compensate...
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