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

You may prefer our related Brainscape-certified flashcards:
1
Q

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

A

cheaper to export goods

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

what were interest rates reduced by?

A

6% to 2%- lead to cheap money

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

why was the construction industry revived?

A

housing boom

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q

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

A

10% tax on all goods entering GB

empire becomes self supporting

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
5
Q

why did the Libs resign from Nat Gov?

A

preferred free trade to Tories protectionism

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
6
Q

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

A

closed unprofitable shipyards, mines etc

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
7
Q

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

A

400k

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
8
Q

what was the coal production in in 1938?

A

227m tonnes (1928 levels)

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
9
Q

by what did the price of wheat fall?

A

50%

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
10
Q

when did the gold standard end?

A

1931

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
11
Q

give a positive of new industries in the 1930s?

A

electricity/car production quadrupled

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
12
Q

give 5 reasons as to the economic recovery of industry?

A
  • 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
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
13
Q

how much did the price of wheat fall by?

A

50%

How well did you know this?
1
Not at all
2
3
4
5
Perfectly