Chapter 15: the Economy
- Created by: becky_abington
- Created on: 20-10-19 16:19
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- Chapter 15: The Economy
- During WW1
- DORA
- Gave parliament absolute power
- Created an artificial boom due to demand for war resources
- Dilution agreements with TUC
- Trade Unions agreed not to strike
- Govt agreed set wages and hours
- DORA
- Decline of the Staple industries
- Foreign competition
- Loss of markets
- USA, Japan, and South America
- Loss of markets
- 1920s slump /recession
- Fall in demand
- Coal and shipbuilding affected
- Structural & cyclical unemployment
- Coal and shipbuilding affected
- Fall in demand
- Lack of investment
- New industries
- Electrical goods, consumer goods, motor, chemical etc.
- Geographical differences
- Foreign competition
- The General Strike
- Causes
- The Great Unrest: 1910-1914
- Return of privately owned industries
- Power and influence of TUC
- Samuel Commission
- Return to Gold Standard, 1925
- 9 days
- Government handling
- The British Gazette
- Organisation for the Maintenance of Supplies
- Government handling
- Consequence
- Decline in the TUC
- The Trade Disputes Act, 1927
- Causes
- The Great Depression
- National Government
- Traditional and Keynesian Policies
- No one party could be blamed
- Wall Street Crash, 1929
- USA called in their debts
- National Government
- During WW1
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