In addition to disarmament, reparations , and war deb ts, came domestic economic problems, the task of reorganizing the British Empire , and the conflict with Ireland. The wartime alliance of Great Britain, the USSR, and the United States led to the formation of the United Nations . Leadership in world trade, shipping, and banking had passed to the United States, and overseas investments had been largely liquidated to pay the cost of the world wars causing a serious blow to Britain’s economy.The second half witnessed the dismantling of the…
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