1931 Crisis
- Created by: Steph
- Created on: 30-05-13 15:35
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1931 Crisis
- Unemployment 1.2m in 1929 --> 2.6m in 1931
- Long term structural decline in staple industries
- 1929 Wall Street Crash
- 1931 financial crisis - dramatic withdrawal of funds from Bank of England calling into question the position of the pound
- May Committee estimated a budget deficit of £120m. Said cuts…
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