Who didn't benefit from the boom?

Subdecks (2)

Cards (12)

  • In the 1920s, there was a massive pay divide.
    Only 5% of the population were considered to be 'rich', and on average, they received 32% of all national income.
    The number of people in average jobs received 58% of all national income.
    The 'poor' made up 42% of the working population, the largest group of people, yet they received the smallest amount of national income, 10%
    • Not an even distribution of national income in 1925.
  • Coal Mining
    Produced fuel to heat homes + power machines.
    In 1920, 568 million tonnes of coal mined, in 1930 only 518 million.
    Oil replacing coal
    In 1929, 550,000 homes were heated by oil.
    Miners faced competition from electricity and gas.
  • Textile Industry
    Before war, cotton and wool mills had processed material needed.
    After war, textiles faced huge drop - due to changing fashion and competition from silk, to new material.
    Textile production began to decline.
    Mill workers shared this problem with the cotton farmers, who struggled to find a market for their crops.
  • Rail Road Industry
    Grew during war as needed to transport goods.
    Slowed by increasing number of car sales
    Rise in using trains to transport goods, however this was a small increase compared to the fall in passengers.