KQ1 - The Coming of Depression Flashcards
1
Q
WHAT WAS BRITAIN HIGHLY DEPENDANT ON BEFORE THE FIRST WORLD WAR?
A
Sale of industrial good such and coal and steel
2
Q
WHAT HAPPENED TO TRADITIONAL INDUSTRY AFTER WAR?
A
It declined
3
Q
WHAT WERE THE REASONS FOR THE DECLINE IN BRITISH INDUSTRY AFTER THE WAR?
A
- Rising cost of production
- Obsolete methods
- Failure to invest in new technology
- Competition from other countries
4
Q
WHAT CAUSED COMPETITION FROM OTHER COUNTRIES IN INDUSTRY?
A
- Britain could not compete with the cheaper imports elsewhere
- The Treaty of Versailles meant people went to Germany for produce because it was free
5
Q
WHEN DID THE WALL STREET CRASH HAPPEN?
A
October 1929
6
Q
WHAT WAS THE WALL STREET CRASH?
A
A sharp decline in U.S. stock market values that contributed to the Great Depression of the 1930s
7
Q
IS THE WALL STREET CRASH THE ONLY REASON BRITAIN FELL INTO AN ECOMOMIC DEPRESSION BY 1930?
A
No, as it can be argued the the industry issues Britain had before hand were also significant factors into causing the depression.
