Answer:
Even though Great Britian defeated France and its allies, the victory came at great cost. In January 1763, Great Britain's national debt was more than 122 million pounds [the British monetary unit], an enormous sum for the time. Interest on the debt was more than 4.4 million pounds a year.
Impacts of the world war I were inflicting great changes politically, socially an economically inn United States.
Explanation:
Political changes: many women suffrage movements were held which led to the amendments of the constitution. First Red Scare hit the nation after the World war. Many officials' residences were suspected and raided on basis of communist insurgents into US. Palmer, attorney general of US took up campaigns against communists anarchists and established an organisation within the judiciary of US and it is popularly called Federal Bureau of investigation. Great migration enabled the southerners to migrate to the union states in search of better livelihood.
Economic changes: There was shortage of domestic of goods. As many people preferred manufactured goods than the home made goods. Also many of the overproduction of domestic goods were used in the war efforts. There was high inflation and the laborers were paid low wages in order to balance the operation costs. It gave rise to many labor unions going on protests for increase in wages. Industrialization enabled urbanization and immigration possible without any restrictions. Tolerance towards the European immigrants was low which also led to chaos. Introduction of the electricity and steel increased the productivity.
Social Changes: Roaring twenties had a greater impact of the rise of jazz era in the field of music. African Americans deliberated their grievances through music and literature which highly touched the hearts of the people. Progressive movement gave rise to many social reforms and changing lifestyles of the Americans. Competition to find better employment resulted in race riots in the society. Gilded age resulted in spoil system wherein corruption and party loyalty gave advantage to the people who were close to the president to acquire the high offices. Party loyalty was given high value than the knowledge, skill and expertise.
