USA HISTORY

Detailed explanation-1: -Coal reserves had been depleted during the War and Britain was now importing more coal than it was mining. All this and the lack of investment in the new mass-production techniques in industry led to a period of depression, deflation and decline in the UK’s economy.

Detailed explanation-2: -By 1913, the British Empire held sway over 412 million people, 23 per cent of the world population at the time, and by 1920, it covered 35.5 million km2 (13.7 million sq mi), 24 per cent of the Earth’s total land area. As a result, its constitutional, legal, linguistic, and cultural legacy is widespread.

Detailed explanation-3: -They traded sugar cane, tea, silk, paintings, art, jewels, sugar, cotton, perfumes and tobacco. The British Empire grew the British economy, it traded their goods and all profits were sent to Britain.

Detailed explanation-4: -Britain had many reasons to want an empire. Economically, the rich natural resources available in Africa, Asia and the Pacific earned the country a lot of money as goods were imported and exported. Politically, it made Britain a very powerful country and allowed the spread of their influence across the world.