history

• The impact of the wall street crash
• Britain's economy during the 1920s was struggling, when the US stock market crashed in October 1929, this further exacerbated the problems facing Britain's economy
• Anything badly affected the US economy was bound to affect the rest of the world too
• Many countries protected their domestic market by touting foreign imports, the trade of British exports fell dramatically
• This resulted in its industrial areas plummeting into poverty
• Some businesses crashed while others struggled to survive and production stumped because orders declined
• This in turn led to many companies laying off workers, this contributed to the depression because as unemployment rose, the decline in orders fell even more sharply
• The collapse of the post-war economic boom in 1921 led to increased competition
• The disaster of the Strike in 1926 led to a decline in industry (mining & others)
• This contributed to the coming of the depression