Causes of the deppression Flashcards
when did the wall street crash happen ?
29th of october 1929
how much did it cost to produce coal in the USA?
65p per Tonne
How much did it cost to produce coal in Britain?
£1.56 per Tonne
Where were textiles produced in Britain ?
Lancashire
Who was Britains main Textiles competitor?
India
why was India Britains main textile competitor?
because cotton was produced cheaper
When did exports in Britaian fall by 50%
From 1929 - 1931 exports in Britain fell by 50%
What is free trade?
a trade policy that does not places taxes on imports or exports
when did unemployment numbers in britain increase?
1930 2million - 1932 3 million
what was the industry most affected by the deppression in the 30s
shipbuilding
what were britains original strongest industries?
textiles, coal, iron, steel
name one shipyard in britain that could not keep up with export demands in the 30s
palmers shipyard in Jarrow
why did britain struggle to export goods?
. in some countries there wre taxes on imported foreign goods (not britain)
. other countries were sufferimg a deppression aswell
who were britains main competitors?
USA, Japan, Germany etc
What other industries apart from ship buildinhg were affected by unemployment?
coalmining, steelmaking
