Second Labour Gov (1929-1931)

Question 1

What was a major economic problem at the time?

Answer 1

1929 Wall Street Crash

Question 2

When was the May Committee and what did it do?

Answer 2

1931. Predicted a budget deficit of £120 million by 1932 if no cuts in gov spending.

Question 3

What happened as a result of the May committee and why was this a problem for the public?

Answer 3

20% cut in unemployment benefit, although should be party for the people.

Question 4

How much did the value of British exports fall as a result of the 1929 wall street crash?

Answer 4

By a half, so staple industries suffered.

Question 5

In 1932 how many people unemployed?

Answer 5

Nearly 3 million

Question 6

When was the economic advisory council set up and what did it do?

Answer 6

1930, to give advice to economists and industrialists

Question 7

What issue did the party divide over?

Answer 7

Unemployment benefits

Question 8

What was good about the Agricultural Marketing Act and the Land Utilisation act?

Answer 8

It established marketing boards and helped producers

Question 9

Who did Ramsey ignore?

Answer 9

Moseley

Question 10

What did the coal miners act do?

Answer 10

Reduce miners’ days by half an hour

Question 11

What did Ramsey do after resigning from his prime minister role?

Answer 11

Formed a national government. Looked like he had no hope in Labour