Interwar British Economy

Question 1

Percentage increase national debt after war

Answer 1

1200

Question 2

Decrease in GB world trade share after ww1

Answer 2

18 - 11

Question 3

Britain had to sell its xxxx xxxxxx

Answer 3

Overseas investments

Question 4

Coal industry threatened by

Answer 4

Poland

Question 5

Cotton industry threatened by

Answer 5

India

Question 6

Increase in membership by what in what TU by 1920

Answer 6

4 mil to 8 mil in Transport and general workers union

Question 7

What industry was re privatized

Answer 7

Rail

Question 8

Gov. wanted to nationalize what industry

Answer 8

Coal

Question 9

Which currency overtook pound

Answer 9

Dollar

Question 10

Forced off the gold standard did what to the pound

Answer 10

Weakened it

Question 11

Rejoined the gold standard when

Answer 11

1925

Question 12

Rejoined the gold standard at what rate

Answer 12

Pre 1914 rates

Question 13

Rejoining the gold standard did what to exports

Answer 13

Raised export costs by 10%

Question 14

The miners strike happened when

Answer 14

1921

Question 15

The miners strike happened because

Answer 15

Employers made cuts to wage rates

Question 16

The trade cycle caused what events

Answer 16

2 major slumps

Question 17

What type of industry became weakened and less demanded

Answer 17

Staple industry

Question 18

how many soldiers demobilized post war

Answer 18

5 million

Question 19

What cuts worsened unemployment and when

Answer 19

1921 Geddes cuts

Question 20

How many unemployed 1921

Answer 20

2 million

Question 21

Staple industries accounted for how much of Britains total output

Answer 21

Half

Question 22

Throughout 1920s unemployment remained at about X of the X workforce

Answer 22

10-15 percent of insured workforce

Question 23

decline in the staple industries produced xxxxx xxxxxx

Answer 23

structural unemployment

Question 24

electrical power meant locations of industry shifted….

Answer 24

closer to the markets

Question 25

The growth of chemical and car production in Britain was coined the

Answer 25

second Industrial Revolution

Question 26

motor car production in mid 1920s was x times greater than in xxxx

Answer 26

3 times greater than in 1913

Question 27

Between xxx and xxxx overall economic growth was faster than before xxx

Answer 27

1923 and 1929, overall economic growth was faster than before 1914

Question 28

Living standards generally xxxx

Answer 28

Increased

Question 29

Around xxxx jobs were created in the service sector during the 1920s

Answer 29

1 million