What were the major economic challenges and crises during the British Empire?

What were the major economic challenges and crises during the British Empire?

Some major economic challenges and crises during the British Empire included the Industrial Revolution, which brought about significant changes in the economy and society; the Great Depression of the 1930s, which severely impacted the global economy and led to widespread unemployment and poverty; and the decline of key industries such as textiles and shipbuilding, which resulted in economic decline in certain regions. Additionally, the two World Wars had significant economic consequences, with the empire experiencing high costs and resource depletion.