3. Crisis and Disillusionment (1929-1939) Flashcards
when did the minority government formed in May 1929 end?
in 1931
wall street crash
- october 1929
- share prices failed in the NY stock exchange
May Report
- March 1931
- Mcdonald established the Committee
- investigate the country’s economic problem
What was the primary economic challenge in Britain during the 1920s?
The worst period of unemployment occurred in the 1920s due to a decline in demand for products and subsequent business failures.
What significant event in 1926 highlighted class divisions in British society?
The 1926 general strike exposed deep class divisions, leading to a shift towards a more pragmatic relationship between workers and employers.
How did the economic landscape change between the 1920s and 1930s in Britain?
The 1930s saw a significant increase in unemployment, particularly in older industrial areas, while the midlands developed new industries.
What was the outcome of the May 1929 general election?
Ramsay Macdonald formed a minority government, marking the first election with full adult suffrage.
What triggered the global economic recession in October 1929?
The Wall Street Crash led to a worldwide recession as countries, including the UK, were reliant on American loans and markets.
What did John Maynard Keynes propose to combat the Depression?
Keynes advocated for government investment to stimulate the economy, a strategy only applied after WWII.
What was the conclusion of the May report in 1931?
The report indicated that Britain was on the verge of economic disaster, recommending austerity measures that ultimately led to Macdonald’s fall from power.
Who succeeded Ramsay Macdonald as Prime Minister in the national government formed in 1931?
Stanley Baldwin succeeded Macdonald in June 1935 and led the national government until 1937.
What significant protests occurred in Britain during the 1930s?
The Jarrow Crusade in 1936 was a notable protest march aimed at raising awareness of unemployment and seeking state assistance.
How did colonial nationalism affect Britain’s imperial policy in the 1930s?
Increased demands for independence from colonies, particularly in India and the Irish Free State, pressured Britain to provide self-governance.
What was the abdication crisis of 1936?
King Edward VIII abdicated to marry Wallis Simpson, creating a scandal and leading to the ascension of George VI.
What were the main failures of the League of Nations during the 1930s?
he League was ineffective due to lack of enforcement power, membership issues, and the inability to prevent aggressive actions by Germany and Japan.