Economic Change And Industralisation Flashcards
(4 cards)
What were the effects of industrialisation on Britain by 1900?
Created urban working class - move from rural areas to urban
Boosted economy
Led to social reform movements due to poor conditions
What impact did the Great Depression (1929-1939) have?
Mass unemployment - 1932 (2.9 mil)
Hunger marches (e.g. Jarrow 1936), unemployment 80%
Government intervention increased
What industries were nationalised under Attlee’s government?
Coal, steel, railways, gas, electricity - aimed at modernising economy and securing employment
What economic problems did Britain face after 1945?
Debt from war - over £21 billion
Need to rebuild infrastructure after bombings
Loss of empire
Reliance on US loans and Marshall Aid
Rationing continued until 1950 (post-war austerity) under Attlee