Economic Change And Industralisation Flashcards

(4 cards)

1
Q

What were the effects of industrialisation on Britain by 1900?

A

Created urban working class - move from rural areas to urban
Boosted economy
Led to social reform movements due to poor conditions

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2
Q

What impact did the Great Depression (1929-1939) have?

A

Mass unemployment - 1932 (2.9 mil)
Hunger marches (e.g. Jarrow 1936), unemployment 80%
Government intervention increased

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3
Q

What industries were nationalised under Attlee’s government?

A

Coal, steel, railways, gas, electricity - aimed at modernising economy and securing employment

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4
Q

What economic problems did Britain face after 1945?

A

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

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