1.The First World War capitalism came into its monopoly stage in Britain the sharpened contradictions between socialized production and the private ownership caused frequent economic depressions mass unemployment greatly slowed down the speed of the British economic development.1. The First World War ❖ capitalism came into its monopoly stage in Britain ❖ the sharpened contradictions between socialized production and the private ownership caused frequent ❖economic depressions ❖mass unemployment greatly slowed down the speed of the British economic development