Chapter 10 Flashcards
Economic issues
What were some of the ‘new’ industries that benefited from the war?
Chemicals, motor vehicles, electrical goods and canned food
What reforms benefited housing?
The 1926 Central Electricity Generating Board and the National Grid brought a more flexible form of power to homes
How did the Conservative government attempt to solve problems with trade?
Baldwin proposed tariff reform to protect British industry but lost the election on this belief
How did the Labour government attempt to solve problems with trade?
Signed a trade treaty with Soviet Russia, helped negotiate the Dawes Plan in 1924 and the Young Plan in 1929, restoring trade with Germany and Russia
How did the Labour government attempt to solve problems with unemployment?
Launched a public works program which aimed to create new jobs but it was too small scale to have any real effect
How did the Labour government attempt to solve problems with industry?
Subsidies were extended to Imperial Airways and the development of aviation was encouraged
How did the second Conservative government reverse Labour government economic reforms?
Broke off relations with Soviet Russia in 1924 and put Britain back on the Gold Standard in 1925
Why was the move on the Gold Standard welcomed by the banking sector?
Fixed payments of money were worth more as the pound was more valuable and benefited money lenders
What was the most obvious problem with the move on the Gold Standard?
British exports were now uncompetitive in staple industries, thus increasing unemployment
How many miners were killed and injured in 1922-24?
3603 were killed and 597,158 were injured
How did Baldwin’s government attempt to appease the miners?
It offered financial support to subsidise miners’ wages and owners’ profits for nine months and set up the Samuel Commission
What did the miners’ nickname the day that the subsidy was announced?
Red Friday
Why did the Samuel Commission prove a disappointment?
It rejected nationalisation and recommended that mines should be restructured and wages should be cut
What slogan did the miners’ use in protest of wage cuts?
‘Not a penny off the pay, not a second on the day’
How did Baldwin fail to prevent a strike?
The 1920 Emergency Powers Act declared a state of emergency and ended talks with the trade union leaders