Why were prices so high in the first world war?

Announcements Posted on
How helpful is our apprenticeship zone? Have your say with our short survey 02-12-2016
    • Thread Starter
    Offline

    2
    ReputationRep:
    What caused the prices in ww1 to rise so heavily (ie bread rose in its cost by 75% towards the end) and why did the Liberals choose not to tackle the price problem and bring in measures to cap the costs?
    Offline

    3
    The UK is an island, it was cut off from imports that mainly came from Mainland Europe, everything had to be homegrown and was in slow supply but high demand thus prices went up as it was getting more difficult to procure.

    Basically demand outstripped supply and thus prices rose.
    Offline

    1
    ReputationRep:
    Protectionism.
    • Thread Starter
    Offline

    2
    ReputationRep:
    (Original post by tehFrance)
    The UK is an island, it was cut off from imports that mainly came from Mainland Europe, everything had to be homegrown and was in slow supply but high demand thus prices went up as it was getting more difficult to procure.

    Basically demand outstripped supply and thus prices rose.
    So the government couldn't have done anything to stop those prices, or did they chose not to do anything because they didn't believe in interfering?
    Offline

    3
    (Original post by tinman1)
    So the government couldn't have done anything to stop those prices, or did they chose not to do anything because they didn't believe in interfering?
    From what I understand, they couldn't stop it from going up if they tried, people had to break-even at least, couple that with inflation and the rises just sky rocketed. It was a sad state of affairs.
    Offline

    3
    ReputationRep:
    (Original post by tinman1)
    So the government couldn't have done anything to stop those prices, or did they chose not to do anything because they didn't believe in interfering?
    They wasn't much they could do to bring down inflation anyhow. The German submarine blockade was cutting imports and as much domestic industry as possible was geared towards military production. To bring down inflation that would have ment diverting Armed Forces spending away from the war efforct, which was a big no no so long as Jerry still occupied Belgium. The British Expeditionary Force was actually the best supplied army in the war and was one of the reasons that it didn't suffer from mutiny like the other major combatants.
    Offline

    0
    ReputationRep:
    inflation because goods like foodstuffs became scarce
 
 
 
Write a reply… Reply
Submit reply

Register

Thanks for posting! You just need to create an account in order to submit the post
  1. this can't be left blank
    that username has been taken, please choose another Forgotten your password?
  2. this can't be left blank
    this email is already registered. Forgotten your password?
  3. this can't be left blank

    6 characters or longer with both numbers and letters is safer

  4. this can't be left empty
    your full birthday is required
  1. Oops, you need to agree to our Ts&Cs to register
  2. Slide to join now Processing…

Updated: April 11, 2012
TSR Support Team

We have a brilliant team of more than 60 Support Team members looking after discussions on The Student Room, helping to make it a fun, safe and useful place to hang out.

Today on TSR
Poll
Would you rather have...?
Useful resources
Study resources

The Student Room, Get Revising and Marked by Teachers are trading names of The Student Room Group Ltd.

Register Number: 04666380 (England and Wales), VAT No. 806 8067 22 Registered Office: International House, Queens Road, Brighton, BN1 3XE

Quick reply
Reputation gems: You get these gems as you gain rep from other members for making good contributions and giving helpful advice.