• Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

The Depression of the 1903s lead to severe problems for Britain. Had Britain recovered by 1939?

Extracts from this document...

Introduction

Liz Sandon 11a - History Coursework The Depression of the 1903s lead to severe problems for Britain. Had Britain recovered by 1939? 1918 brought the end of the 1st world war. It also brought the worldwide realisation for what had just happened. Many countries were now suffering financially, and had lost a lot of people and land. The mood was generally chaotic. By the 1920s however, most of the world's economies were stable again, and people began to spend more money, business improved, and life got better for a lot of people, in America in particular. The twenties are often remembered for shows, glamour, and the 'high life'. More and more money was being spent. This continued for a while until 1929, when it is said that America had 'Overspent'. The stock market began to fall, and then it came to a halt on the 24th of October - over 13million shares were sold on New York's Wall Street in one day, and their values plummeted. The Wall Street Crash brought an abrupt halt to the 'High Life', and a worldwide depression followed. After the crash, America asked for all of the foreign debts to be paid off, which made these countries suffer hard. ...read more.

Middle

When the companies closed down, some people were left homeless, while others were left with extortionate rent prices. There were unemployment benefits for those who were newly unemployed, but after 26 weeks, it was cut and they were put on the dole. The government introduced Means Testing, in order to reduce dole payments. This meant that inspectors would come to people's houses and asses whether they were really worthy of dole payments. Anything of value had to be sold, for example a spare cup, or a spare bed sheet. Any income at all in the family would mean the father got no dole, even if it was his 12 year-old son working a few hours a week. Money was given to people to live at just over subsistence level, meaning that they get enough money to stay alive, and that was it. The unemployment affected the general mood in communities. The houses became run down, and dirty. Diseases spread easily, the atmosphere was sombre and people hung around on the streets because they had nothing to do. Having a job kept most men's pride, and when it was gone for so long, they often felt that there was not much to live for. ...read more.

Conclusion

Means testing and dole cuts turned many labour supporters against the National Government, as the Labour party was know then as the 'Worker's Party'. The government spent only �2m on the unemployment problem in this period. They did not set up any public work programmes, as they did not want to get in debt, knowing that they were in the middle of an economic depression. By 1939, the unemployment rate had dropped back down to 2.1million, but was still very high - The depression had not recovered properly. When war was declared, it was awful in most people's eyes, but the war did bring many countries out of economic depression. Whilst many men went out and fought, others got jobs in factories making weapons such as tanks, guns, ships, airplanes and supplies for the soldiers. The steel industry had been making only 5million tonnes per annum in 1930, and made over 13million tonnes in 1940. Rationing and the war effort during this time also helped stabilise the economy, as the more wealthy people in the south could not spent as much money, as there were so little goods available. It was not really until after the Second World War that Britain fully recovered from the depression, when it was helped out by America's Marshall Plan, which was to pay countries in the hope to steer them away from communism. ...read more.

The above preview is unformatted text

This student written piece of work is one of many that can be found in our GCSE USA 1919-1941 section.

Found what you're looking for?

  • Start learning 29% faster today
  • 150,000+ documents available
  • Just £6.99 a month

Not the one? Search for your essay title...
  • Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

See related essaysSee related essays

Related GCSE USA 1919-1941 essays

  1. Source D shows a report from the Jarrow Public Health Committee, published in 1933. ...

    We do not know why they have selected these 3 specific years. The years they chose were 1919, 1931 and 1936. This source is somewhat limited because we do not know why the Public Health Committee chose these specific years.

  2. To determine whether the Temperature would affect the rate of photosynthesis in a plant.

    and the loss of God's protection over them and their country many people were inclined to turn pro-prohibition. In the period between 1920 and 1925 over five million people joined the Ku Klux Klan. The Ku Klux Klan was a national secret movement and committed itself to many atrocities against the blacks of America.

  1. In the 1920's America was the richest and most powerful country in the world ...

    Roosevelt had introduced trade unions, and forced them to except it. This meant employers had to pay out more money to ensure working conditions were regulatory. They also had to increase wages due to the minimum wage. Workers were only permitted to work a maximum amount of hours by their

  2. The nature and the causes of the Great Depression of 1929 in America.

    In the late 20�s the profit-situation was very favorable. Technical innovations increased production, through subsidies concurrence was lowered, syndicates were weak and the tax system favored bigger enterprises.2 As the market circumstances became more difficult at the end of 1920�s the high production was used to hold the profits on the same level.

  1. The great depression.

    The Great Depression brought an end to excessively higher salaries for stars, although salaries were decidedly inequitable because of the range of financial resources and attendance among the 16 clubs (Noverr, Ziewacz 103). Baseball was definitely in a period of decline, although it was not catastrophic.

  2. Prohibition party.

    prohibition," the Anti-Saloon League now carried the threat of a major voting alliance that could influence the members of congress. However, despite the leagues united efforts, it lacked the funds to maneuver in efficiently in political environment. "During the first three years, the national league's receipts barely averaged $1,000 a

  1. What were the causes of the great depression?

    Many had foolishly withdrawn all their savings to gamble on the stock market and were left with nothing. Many more were left in poverty, as there was much more unemployment and many wage cuts. The demand for goods fell away and even even more cut the industrial production.

  2. Economic Problems - What was the state of the coalfield 1919-39?

    Oil was now being used in ships and coal wasn't. Due to the demand shifting from coal to oil, this then led to unemployment. At the end of 1925, unemployment went up to 13.4%. Two years after (1927) it was almost 23.2%.

  • Over 160,000 pieces
    of student written work
  • Annotated by
    experienced teachers
  • Ideas and feedback to
    improve your own work