'AIC' - The Great Depression

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  • The Great Depression
    • period between WW1 and WW2
    • important to understand the state of Britain's economy [1945]
    • worst economic event since industrialisation
    • the crash caused a worldwide recession
      • all people of all classes suffered
        • the upper class in Britain learnt what it was like to work and not be paid fairly
      • the 'Great Crash' [1929
        • high stock prices didn't match the state of the rest of the country
          • wages were low and production had declined


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