causes of the 1930s depression

Question 1

walls st. crash 1929

Answer 1

-america introduced high tariffs to protect British industry
-demand for European goods fell
-british industry suffering and wall st. crash sped up impact

Question 2

British heavy industry depression

Answer 2

-since ww1, d for exports fallen
-many markets sourced cheaper supplies: USA + Steel, Germany + coal, India + cotton
-coal replaced by gas and oil
-1926 general strike affected coal industry

Question 3

outdated methods interwar depression

Answer 3

-british industry labour intensive and other countries efficient machinery
-mid 1920s, coal cost 65p/tonne to produce in use, £1.56 britain
-steel making plans set up in USA, Germany and Japan closure of Ebbw vale steelworks in 1929

Question 4

import duties 1930s depression

Answer 4

-due to tariffs British exports fell by half 1929-31
-demand for shipbuilding feel as less exports transported around the world

Question 5

unemployment interwar depression

Answer 5

-6% in 1929 to 15% in 1932
-domestic market suffered due to high unemployment
-more businesses bankrupt and unemployment rose
-less spending and investment due to Econ uncertainty