The economy

Question 1

What did the end of the Gold Standard mean?

Answer 1

Cheaper exports which eased the Depression

Question 2

What did the Import Duties Act do and when was it?

Answer 2

1932, put 10% tariffs for countries who wanted to sell in the UK

Question 3

How can the Import Duties Act of 1932 be seen as a problem?

Answer 3

Other countries would also put tariffs on goods making it more expensive for the UK

Question 4

What did the British Shipping Assistance Act do and when was it?

Answer 4

1935, the Government gave loans to shipping industries creating more jobs

Question 5

What % of people unemployed by 1936?

Answer 5

77%

Question 6

What was the problem with non-profitable mills being closed?

Answer 6

It caused unemployment

Question 7

When was the Special Areas Act and what did it do?

Answer 7

1934, it planned to aid most depressed areas with £2 million

Question 8

Why was the Special Areas Act ineffective?

Answer 8

£2 million was not enough