What was Britain’s economy like before ww1?

The colonies supplied a wealth of raw materials and products, such as gold and silver, other metals, diamonds, cotton and wool, meat and grain, timber and tea. Britain’s domination of foreign trade was matched by its naval power. The Royal Navy was the world’s largest naval force through the 1800s.
 

Did WWI increase Britain’s financials?

From 1914 to 1918 the money supply doubled. Naturally, this had consequences for the level of prices in the UK, which doubled as well.
 

What was financed in ww1?

Of the total cost of the war, about 22 percent was financed by taxes and from 20 to 25 percent by printing money, which meant that from 53 to 58 percent was financed through the bond issues.

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