15GB

?
  • Created by: maxread
  • Created on: 12-05-19 12:51
what act allowed gov to impose stict controls during WW1?
DORA
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examples of strong control?
board of trade assume control of dockyards railways and industry
2 of 22
nov 1914 budget?
double income tax
3 of 22
pre war UK economy dominated by?
staple industries
4 of 22
% of output?
50%,
5 of 22
%of employment?
25%
6 of 22
exports?
75%
7 of 22
reason for declien of staple?
foreign comp, lack of investment, poor indust relations, loss of markets
8 of 22
loss of markets?
war forces nations previosuly exported to to industrialise, post war dont need commodities e.g. japs
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imoact on britain world trade?
pre war = 18% post war 11%
10 of 22
the Geddes report 1922?
inefficient spending post war (e.g. one clearnr for each vehcle in army), geddes reccomends cuts of £86m
11 of 22
safeguarding of industries act 1921?
could impose tarrifs on goods threatning british industries
12 of 22
why did leave gs 1914?
feared people would take out gold and threaten resrves
13 of 22
why did revert back to in 1925?
hoped would replicate economic succesess of pre war
14 of 22
problem?
vauled at pre war levels, 3X what actually shoudl be
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effect in 1929?
investors attempt withdraw gold causing a near collapse of £ value
16 of 22
1929 crash impact on british exports?
fall by one third
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1929-31 export value?
-50%
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national governemnt reacitons?
import duties act, means test, 1934 special areas act
19 of 22
import duties act 1932?
end free trade imposong 10% tarrif to protect agriculture and indsties
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financial?
came off gs, 10% unemployment beenfit cut and means test
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means test?
1931 assess households income and how much welfare they need
22 of 22

Other cards in this set

Card 2

Front

examples of strong control?

Back

board of trade assume control of dockyards railways and industry

Card 3

Front

nov 1914 budget?

Back

Preview of the front of card 3

Card 4

Front

pre war UK economy dominated by?

Back

Preview of the front of card 4

Card 5

Front

% of output?

Back

Preview of the front of card 5
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