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The Great Depression of 1929–32 broke out at a time when the United Kingdom was still far from having recovered from the effects of the First World War. Economist Lee Ohanian showed that economic output fell by 25% between 1918 and 1921 and did not recover until the end of the Great Depression, [3] arguing that the United Kingdom suffered a twenty-year great depression beginning in 1918.
Hunger marches to London had previously taken place in 1922–23, 1929 [2] and 1930, [3] and 1927 had seen a South Wales miners' march. [4] Due to the Great Depression and mass unemployment, throughout 1932 there was a profound atmosphere of unrest across Britain with "high tension across the country", "running battles between police and demonstrators" and "violent clashes ... between the ...
This is the first UK general election in which women have an equal franchise with men and they form a majority of the electorate. 7 June – The Conservatives concede power rather than risk courting Liberals for a fragile majority. 8 June – Ramsay MacDonald forms a new Labour government. [3]
In the first two decades of the 20th century, there was relatively little unemployment in the UK, but it could still become a severe problem in various areas after disruptive changes to the local economy. Hunger marches became much more prominent in the 1920s and 1930s during the Great Depression in the United Kingdom. [1]
The National Government of August–October 1931, also known as the First National Government, was the first of a series of national governments formed during the Great Depression in the United Kingdom.
Golden Fetters: The gold standard and the Great Depression, 1919–1939. 1992. Feinstein. Charles H. The European Economy between the Wars (1997) Garraty, John A. The Great Depression: An Inquiry into the causes, course, and Consequences of the Worldwide Depression of the Nineteen-Thirties, as Seen by Contemporaries and in Light of History (1986)
The lessons of the generation that weathered the Great Depression include self-sufficiency, frugality, and improvisation. ... a surprising number of lessons from the hardships of the 1930s endure ...
The Wall Street Crash of 1929 ushered in the Great Depression, which led to over two million unemployed by December 1930 and halved the volume of exports between 1929 and 1931. [65] In May 1930 the government rejected Oswald Mosley's memorandum which recommended state direction of industry and the use of credit to expand the economy. [66]