. Economic policy of the inter-war years (IWYs) 1918-1939;

Question 1

when was the wall street crash

Answer 1

1929

Question 2

what are the 4 topic for the economic policy of the IWY

Answer 2

1. The impact of the 1WW on the economy of the 1920s
2. Problems with the world economy: the decline in British industrial exports
3. Problems of the British economy
4. Government policies.

Question 3

evidence for GB being the world leading trading and lending nation in 1914

Answer 3

• trade larger than Germany and USA
• city of London was the worlds leading financial centre where international trade was conducted
• overseas investment stood at £4bn

Question 4

what is the beachhead effect

Answer 4

• war forced GB to withdraw form international markets
• countries not involved in war (Latin america, japan) filled the market
• after war foreign competitors had established a strong position in markets British firms had previous dominated

Question 5

the war office

Answer 5

• controlled 90% of British imports
• marketed 80%of the food consumed
• both returned to private control by 1922

Question 6

protectionism after the war

Answer 6

• introduced by the McKenna duties of 1915
• continued in the key industries duties act 1921
• protectionism for food imports was discontinued ending the pause on the decline in farming created by the war