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Essay plan: how successful is it to say that the National Government successfully steered the British economy through the problems created by the Depression?$4.56
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Unit 34.2 - Poverty, public health and the state in Britain, c1780-1939
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Essay plan: how successful is it to say that the National Government successfully steered the British economy through the problems created by the Depression?
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Unit 34.2 - Poverty, public health and the state in Britain, c1780-1939
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PEARSON (PEARSON)
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Unit 34.2 - Poverty, public health and the state in Britain, c1780-1939
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how successful is it to say that the
National Government successfully
steered the British economy
through the problems created by
the Depression?
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intro:
the Depression of the 1930s had a devastating effect on the global economy, and Britain was
no exception. While it is accurate to say that policies such as the abandonment of the Gold
Standard and cuts in Government spending contributed to British economic recovery, it is
essential to recognise that the success of such policies was not absolute and factors
exogenous to the National Government such as the Second World War and global shifts in
industry can be attributed greatly to economic recovery try in Britain. As such, it is only
accurate to a minor extent to say that the National Government successfully steered the
British economy through the problems created y the Depression.
main body:
1) abandonment of Gold Standard
abandonment of Gold Standard in 1831
allowed govt to devalue the Pound, which made British exports more affordable and
competitive on the international market
exports increased and economy began to recovery as the BofE was no longer
constrained by regulations
BUT
decision also made British exports more expensive, depressing stable industries further
millions of unemployment in the traditional industries noticed little improvement in their
lives
despite a fall in the unemployment rate from 15% 1932 to 8% in 1936
regions unemployment rates were cripplingly high w few employment rates were
cripplingly high
how successful is it to say that the National Government successfully steered the British economy through the
1
problems created by the Depression?
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