Describe the Effects the depression
In Britain in the Early 1930’s
In the late twenties a event occurred that would effect the whole world for the best part of the next decade. This event was the wall street crash. It effected not only the USA but also the rest of the capitalist world. I will also be looking at things like how places like Jarrow were effected by the depression and what the government did to ease the pressure.
The great depression effected Britain for a number of reasons. One problem was that US traders stopped importing from abroad, this affected trade in Britain badly because it’s not only effected trade in Britain badly because it is not only effected the companies exporting but also the shipbuilding industry in Britain. This was an importing trade in Britain in the 1920’s and 1930’s. It was effected so badly because if nobody was exporting then there was no need for any more ships. People not spending money effected trade worldwide meaning that certain industry was failing putting many people out of work and causing many companies to go bust. Britain also priced itself out of the market. British produce was often very expensive. Foreign governments were not willing to pay the premium prices when they could get products cheaper elsewhere. The areas effected especially badly by the depression were small villages in areas such as North Scotland and South Wales. These villages were often based around old industries which were often the central point of these towns and were failing leaving many of these villages crippled, with many of their occupants out of work.
