1929-1939 (The Hungry 30s)- Economic (Economic Issues) Flashcards Preview

Year 13 History- Britain > 1929-1939 (The Hungry 30s)- Economic (Economic Issues) > Flashcards

Flashcards in 1929-1939 (The Hungry 30s)- Economic (Economic Issues) Deck (13)
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1

why did the 30% devaluation of the £ in 1931 turn out to be good?

cheaper to export goods

2

what were interest rates reduced by?

6% to 2%- lead to cheap money

3

why was the construction industry revived?

housing boom

4

what was the 1932 Neville Chamberlain Import Duties bill, and what did it aim to achieve?

10% tax on all goods entering GB
empire becomes self supporting

5

why did the Libs resign from Nat Gov?

preferred free trade to Tories protectionism

6

what did the gov do that caused 70% unemployment in Jarrow?

closed unprofitable shipyards, mines etc

7

in 1939 how many people were employed in the car industry?

400k

8

what was the coal production in in 1938?

227m tonnes (1928 levels)

9

by what did the price of wheat fall?

50%

10

when did the gold standard end?

1931

11

give a positive of new industries in the 1930s?

electricity/car production quadrupled

12

give 5 reasons as to the economic recovery of industry?

-lower prices meant those with wages stretched further
-high unemployment but still more people in work than out of it
-cheap money=borrowing for things like houses
-social trends like smaller families meant families had more to spend
-industries supplying home market grew increasing jobs in service industries

13

how much did the price of wheat fall by?

50%