Great Depression 1873-1900 Flashcards
Why did companies lay off workers
In order to cut costs
How much did the unemployment rate of trade unions members increase by in 1879
10%
How much higher were imports compared to exports between 1871-75
£62.5 million
What was Germany’s male illiteracy rate compared to Britain’s
17%
How much did the number of agricultural labourers fall by between 1851-75
Half a million
What was the hardest hit section of the economy during the depression
Agriculture
What happened to agricultural wages
They fell
What did the fall in agricultural wages lead to
Living standards increased between the industrial and agricultural workers
What type of farming did farmers move to
Dairy Farming rather than crop production
How much did the British economy grew by each year between 1873 -1900
1%
What industry did Britain dominate
Shipping
How much shipping tonnage did Britain register compared to the rest of the world
More than the whole world put together
What was invented during this period
The bicycle
What industry was developed
The telephone industry
What sector of the market made improvements
Retail
