Economic landscape 1918-1979

By Cmeloon
  • Period: to

    UK borrowed £850 million

  • Period: to

    41% unemployment in coal mining

  • Period: to

    49% unemployment in iron/steel

  • Period: to

    60% unemployment in shipbuilding

  • Period: to

    Taxes raised by £6 per capita

  • Period: to

    Unemployment never fell below 10%

  • Geddes Axe

  • Limited tariffs were introduced

  • Churchill returned the pound to the gold standard

  • General Strike

  • Local Government Act

  • Period: to

    Unemployment doubled

  • Economic Advisory Council was set up

  • Exports become 25% cheaper

  • May report released

  • Mutiny of 12,000 sailors in Scotland

  • Pound taken off gold standard

  • Pound depreciated to $3.40

  • Period: to

    Construction industry make up 1/3 of jobs

  • More tariffs added at British Empire Economic conference

  • Import Duties Act

  • Period: to

    Unemployment rose to 23%

  • Unemployment Assistance Act

  • Iron and Steel federation act

  • 15% of the unemployed has a job due to rearmament

  • Cotton industry reorganisation act

  • Registration for employment

  • 8.5 million Essential Work Orders

  • Government took long term responsibility for employment

  • Britain was £4 billion in debt to USA

  • Harsh winter

  • Atlee devalued the pound

  • 30% of government spending was on defence

  • 10% of workforce was in nationalised industries