BE 3.3 Flashcards
(11 cards)
what % of exports made up britains GDP before war and interwar years
30% to 15%
what did unemployment rise to after ww1
10.9%
what did britains debt rise to after ww1
£7.4 billion
when was the great depression
1929
how did india benefit from ww1
domestic manufacturers won a higher market share relative to british manufacturers
how did canada benefit from the war
exported more wheat to britain and began to export more to the usa
why were australia and NZ hit hard by ww1
relied on the britsh market for high % of exports
what did britain try to do with the empire during the great depression
increase exports to the empire to make up for lower sales in britain
what policy did the british empire pursue in the 1930s
imperial preference
how was britain’s economic position affected by ww2
severely weakened
what did britains desire to keep preferential trade agreements with its colonies do
separated britain economically and politically from USA and europe