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7 Cards in this Set
- Front
- Back
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1920s - 1930s unemployment |
- Interwar years led to higher unemployment - Home grown manufacturing industries like steel and shipbuilding declined depriving northern areas especially - Wall Street Crash 1929 |
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1920s - 1930s Debt |
- The war was expensive, Britain had sold their reserves of gold and sold its overseas assets - £850million borrowed for the last 2 years of war |
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1920s - 1930s Value of the pound |
- Britain before WW1 abided by the gold standard - During WW1 it was abandoned and inflation rose due to how much the war was costing |
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1920s - 1930s Inflation |
- 25% increase by 1918 and was a cause of major concern |
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Poverty in Post War Britain 1920s |
- Several British Industries: shipping, mining, steel, iron, and textiles - British investors were partly slow in looking for overseas investment opportunity - Increased size 1913 had 6.5million to 1918 8.3million |
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Balancing the budget |
- Taxes increased each year after the first world war
- 1921 Lloyd George attempted to cut government spending = 1922 Geddes axe led to cuts on spending on education, unemployment, pensions
- Housing and health spending was reduced from £206million to £182million |
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Interest rates and the value of the pound |
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