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Period: to
UK borrowed £850 million
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Period: to
41% unemployment in coal mining
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Period: to
49% unemployment in iron/steel
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Period: to
60% unemployment in shipbuilding
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Period: to
Taxes raised by £6 per capita
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Period: to
Unemployment never fell below 10%
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Geddes Axe
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Limited tariffs were introduced
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Churchill returned the pound to the gold standard
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General Strike
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Local Government Act
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Period: to
Unemployment doubled
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Economic Advisory Council was set up
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Exports become 25% cheaper
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May report released
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Mutiny of 12,000 sailors in Scotland
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Pound taken off gold standard
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Pound depreciated to $3.40
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Period: to
Construction industry make up 1/3 of jobs
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More tariffs added at British Empire Economic conference
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Import Duties Act
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Period: to
Unemployment rose to 23%
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Unemployment Assistance Act
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Iron and Steel federation act
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15% of the unemployed has a job due to rearmament
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Cotton industry reorganisation act
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Registration for employment
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8.5 million Essential Work Orders
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Government took long term responsibility for employment
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Britain was £4 billion in debt to USA
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Harsh winter
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Atlee devalued the pound
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30% of government spending was on defence
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10% of workforce was in nationalised industries