... would an effect on the foreign trade and the foreign exchanges. In August 1914 almost everyone expected that the war would be over quickly, including Herbert Asquith the prime minister. He adopted the slogan Business as Usual'. He wanted to convince the British people that the war could be fought without ... was fact that the government was reluctant to move away from the free market to run the war economy. This made a great failure. Picture of Herbert Asquith The crisis for example shortage in labour and slow movement in prices especially in shells, was causing serious losses and was t...

• Word Count: 2038
• Approx Pages: 8
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