Background of the General Strike.

Question 1

How many Britons were killed?

Answer 1

745,000.

Question 2

How many were injured?

Answer 2

1.6 million.

Question 3

1/5th of what was lost?

Answer 3

Shipping.

Question 4

What industries did the war stimulate?

Answer 4

Coal, Iron, Shipbuilding.

Question 5

What industries were neglected through the war?

Answer 5

Textiles, chemicals.

Question 6

What ….. had been disrupted out of Britain?

Answer 6

Exports.

Question 7

Former customers now looked to where for products?

Answer 7

Japan and the USA.

Question 8

What did new customers looking at the USA and Japan for new exports have a knock-on effect on?

Answer 8

Shipping Industry.

Question 9

What did this all contribute towards?

Answer 9

Britain’s trade deficit.

Question 10

How was Britain’s national debt created?

Answer 10

By selling off foreign assets, gold reserves and borrowing heavily.

Question 11

By leaving the Gold Standard, what had dropped?

Answer 11

Confidence in the economy.

Question 12

What happened by leaving the GS?

Answer 12

Inflation.

Question 13

How did many orthodox economists try to resolve inflation?

Answer 13

By cutting wages and benefits to balance the economy.

Question 14

What was the unemployment figure for 1921?

Answer 14

Over 2 million.

Question 15

When was OVERPRODUCTION occurring?

Answer 15

1920.