Britain

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					Britain

1920s/1930s
Economic Problems
   Effects of World War One – loss of trade –
    debt
   Lack of new technology in industry (1920s)
   Rejection of large scale government
    spending to solve economic problems
   Over reliance on traditional industries e.g.
    Textiles, Coalmining, shipbuilding
   Unemployment – 14% (15% in traditional
    industries)
Economic Problems

   Economic depression – hit older
    industries hard but newer industries
    grew at the same time
   Structural unemployment – caused by
    failure of old industries to change
   Cyclical unemployment – caused by
    economic slumps e.g. Wall Street
    Crash 1929
      Results of Economic
           Problems
   Unemployment black spots e.g. west
    central Scotland, north east England
   Internal migration – south east
    England
   Need for government planning
    rejected – governments believed that
    economic problems would fix
    themselves – no British ‘New Deal’
      Results of Economic
           Problems
   Acceptance of large scale
    unemployment –benefits were
    increased slightly – Means Test
    introduced
   Protest – Hunger Marches
   Government solutions – trade
    agreements – effects limited
       Economic Recovery

   World recovery after Great Depression
    from 1935 onwards
   Government action – taxes (tariffs) on
    foreign goods to protect British
    companies
   New industries set up – cars, electrical
    goods
       Economic Recovery

   Growth in consumer demand – growth
    of Hire Purchase
   Private house building boom – growth
    in suburbs
   Rearmament – response to the threat
    from Nazi Germany – stimulated the
    economy
               Summary

   Inter war years – period of distress –
    particularly the 1930s – Hungry
    Thirties
   Unemployment black spots – Dole,
    Means Test, Hunger Marches
   However South East England
    prospered – new industries
               Summary

   Trade gradually increased
   Overall standards of living improved
   Gradual decline in poverty
   Slow expansion in welfare – social
    services

				
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