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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? £3.49   Add to cart
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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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  • October 7, 2023
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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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