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Russia
(1) inflation, food shortage, decrease in production
(2) during the war, Russia was defeated by Germany,as Russia wanted to gain peace, the Treaty of Brest- Litovsk was signned. but it was a terrible blow to Russia: because of the loss of land (eg. Poland, Estonia, Latvia), Russia lost 1/3 of the railways, population and 3/4 of coal and iron resources, 25% of land
(3) changed the economic policy to war communism (1918-21), eg nationalized ll industries, resources and transport
Britain: end the economic domaination of the European powers
(1) unemploment, housinf shortage, reconstruction of industries, financial problem, inflation
(2) depleted its overseas investment: exported less than imported
(3) borrowed money from USA, becoming a debtor antion: national debt of Br was multiplied by over ten times (condition was even worse after the Great Depression)