ECONOMIC

• Gold standard was an obsession of Churchills to restore the GBP to what it was during the height of the industrial revolution
• Churchill- exchequer under balfour
• 1929 Wall Street Crash caused Great Depression worldwide
• Cotton trade affected very bad
• by summer 1932 40% coal, 47% steel and 63% shipbuilders unemployed
• in 1931 a nat govt called to deal with situation
• Nat govt cut unemployment benefits by 10%
• Eventually the economy recovered later into the 30s espc in the midlands with car building and such
• 1933-1939 unemployment fell by half
• Increased employment means increased consumerism which is good for the economy
• Britain became the 2nd largest car manufacturer
• rearmement from 1936 boosted economy
• poor relationships between workers and employers ie general strike
• Many coal workers wanted nationalisation
• Concern over revolution
• loyd of lockouts 1919 1920 and 1925
• 1927 trade disputes act outlawed sympathy strikes
• May 1926 General strike lasted 9 days
• Public opinion turned on TUC
• in ww1 females filled typically male roles