14: Industry, trade and agriculture Flashcards
What did the National Government Party claim in its manifesto in the 1935 election?
Under this leadership we have emerged from the depths of depression to a condition of steadily returning prosperity.
When did the government start cutting spending?
1931
What did the government cut? (2)
- wages for public sector workers
- unemployment benefits
What did the cuts in government spending help do? (2)
- Maintain international confidence
- Stopped the banking crisis
What did the policy of retrenchment do and what affect did this have?
- lowered the demand for goods and services
- Had an adverse affect on industry and unemployment rose sharply in 1932
What did government schemes to close down uncompetitive shipyards, mills and mines mean?
Those that did survive were able to attract new investment
What was still the problem with surviving industries?
They employed far fewer workers
What was the percentage of unemployment in Jarrow?
above 70%
Why was economic recovery more obvious in the midlands and south-east?
It was where the new industries were situated
Name the new industries (3)
- Chemical
- Motor vehicles
- Aircraft
What happened to the output of cars between 1929 and 1939? What did this make Britain?
- Doubled
- second largest car maker in the world
What happened to the output of electricity between 1925 and 1939?
quadrupled
By 1939 how many had the motor industry employed?
400,000
What happened to the coal industry production by 1938? (2)
- It was at 227 million tonnes
- Producing more than in 1928
What was the cause of industrial recovery?
Increased spending