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Britain; 1929-45


The Second Labour Govt; 1929-31 the key policies of the Labour
govt & their impact of the policies on the economic situation

The Formation of the Govt.
~ Despite calls to not form a govt the Labour leadership decided that this was another chance to
gain experience of…

Page 2

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~ Restoring Britain to the Gold Standard had damaged the economy. Exports were uncompetitive
and the Bank of England had to sell their reserves to buy British gold from those who wished to
sell it so that they could maintain sterling at its pre war value. International confidence was
essential…

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