The Coming of The Depression Flashcards
1
Q
What were the reasons for decline of traditional industries within Britain?
A
Competition abroad,
impact of the wall street crash,
Obsolete methods, outdated (lack of investment),
Other countries faced economic problems that prevented them from buying,
Huge number of strikes.
2
Q
Countries that Britain competed with abroad:
A
America produce steel cheaper
Japan started ship building
Poland/Germany produced coal at a cheaper rate
3
Q
What were the places most effected by the decline?
A
South wales- coal, iron, steel
North West England- textile factories
North East England- Shipbuilding and coal