how did gov respond to 1930s depression

Question 1

reduced interest rates to respond to 1930s depression

Answer 1

-attempt to encourage spending and investment
-led to construction boom in south
-rates fell from 6.25 to 2 (1929-31)

Question 2

means test

Answer 2

reduced amount of money spent
-1931
-a gauge on how much gov support needed
-people would hide valuables

Question 3

leaving the gold standard 1925

Answer 3

-allowed pound to fall in value, cheaper exports, eased depression
-other countries also left the gold standard

Question 4

import duties act 1932

Answer 4

-protect British industry
-make non-brutish goods more expensive
-negative impact reduced international trade
-exports hampered despite increase to empire

Question 5

unemployment act

Answer 5

-1934
-set up by unemployment assistance boards
-unemployment rates set nationally
-separated dole from insurance payments and reversed 10% cut
-set up training schemes and provided help to geographical immobility

Question 6

special areas act 1935

Answer 6

-help worst hit
-£2m grants to encourage to move into special areas
-1938, £8m spent only 14.9k jobs
-some did not qualify