Wall Street Crash Britain's Economic Structure
Lead to a depression Too reliant on staple industries
Unemployment hit 2.5 million Other countries were modernising
Cost hit £125 million
Labour Party Divided
Cabinet split 11 to 9
Inexperienced
Keynesianism
Spend the country out of the depression
Too frightening a proposition
Traditional cuts were not working
Ramsay MacDonald
Resigned - Traitor
King told him to lead a national government
MacDonald may not have seen an alternative
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