Depression Flashcards
Name the Prime Ministers during 1930 - 1951
Ramsey MacDonald
Stanley Baldwin
Neville Chamberlain
Winston Churchill
Clement Atlee
When was Churchill prime minister?
1940 - 1945
1951 - 1955
By 1933 how many British people had a radio?
About 50%
What was the minimum school leaving age in the 1930s?
14
What percentage were unemployed by the start of 1933?
22.8%
What was a new style in the 1930s?
Art deco
What houses were introduced to allow slums to be cleared and improve living standards?
Council houses
Give reasons for the decline in traditional industry in Britain?
-Competition from abroad
-Welsh coal industry became expensive
- New markets like oil
- Obsolete methods
How did the Wall Street crash affect Britain?
Banking systems across the western world were linked and the crash damaged Britain’s investments. Americans wanted loans which brits couldn’t pay and the drop in trade in America damaged Britain’s economy, which was already struggling.
What is heavy industry?
The production of coal, oil and iron etc.
What is investment?
Putting profits from companies back into developing new techniques and machinery etc to make business more efficient and profitable.
Depression
A long term downturn in economic activity is a country resulting in high unemployment and widespread poverty.
Reparations
The money that Germany owed countries after WW1
Obsolete
No longer needed, out of date
Exports
Selling goods to foreign countries
How did depression effect industry in UK?
- Between 1929-1931 exports from UK fell by half
- Rapid growth of unemployment
- general strikes across decade
What percentage of people were unemployed in Rhondda Valley?
40%
How many unemployed during mid 1930s?
2 million
What was described as a catalyst to the depression?
Wall Street crash
What were the 1930s labelled as?
“The black years”
“The devils decade”
“The hungry thirties”
What did the government introduce in 1920?
Unemployed Insurance Act
What did the UIA create?
A system of payments for unemployed workers
What was the aim of UIA?
To give workers who become unemployed financial support while finding new employment
How many weeks of benefits did UIA give?
39