1914-1947: Trade & Commerce

Question 1

How did Trade and Commerce improve and worsen

Answer 1

Both World Wars impacted British funds
1920s Britain try to recreate post war situation
1929 Wall Street Crash and Colonial Development Act
Britain pound declined in value
1931 Britain forced to abandon gold standard

Question 2

Impact of Sterling crisis

Answer 2

Weakened the Britain economy

Question 3

How did Britain deal with trade and commerce between war period

Answer 3

In the 1920s Britain would focus on the empire to help with British trade and commerce

Question 4

How did the World Wars affect Britain

Answer 4

It weakened British ability to pay for the empire. It would also change the relations between colonies and Britain