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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.
This is a list of recessions (and depressions) that have affected the economy of the United Kingdom and its predecessor states. In the United Kingdom a recession is generally defined as two successive quarters of negative economic growth, as measured by the seasonally adjusted quarter-on-quarter figures for real GDP. Name Dates Duration Real GDP reduction Causes Other data Great Slump c. 1430 ...
In the interwar years, the Northern economy began to be eclipsed by the South – in 1913–1914, unemployment in "outer Britain" (the North, plus Scotland and Wales) was 2.6% while the rate in Southern England was more than double that at 5.5%, but in 1937 during the Great Depression the outer British unemployment rate was 16.1% and the ...
Country Date Year Notes Northern Ireland: 8 March: 1973: In a 1973 Northern Ireland referendum, voters in Northern Ireland were asked to decide if they wanted to remain in the United Kingdom or to leave and join with the Republic of Ireland. They voted in favour of the United Kingdom by 98.9% to 1.1%, although Irish Nationalists boycotted the ...
Britain went off the gold standard, and suffered relatively less than other major countries in the Great Depression. In the 1931 British election the Labour Party was virtually destroyed, leaving MacDonald as Prime Minister of a largely Conservative coalition. [214] [215]
The great depression of British agriculture occurred during the late nineteenth century and is usually dated from 1873 to 1896. [1] Contemporaneous with the global Long Depression, Britain's agricultural depression was caused by the dramatic fall in grain prices that followed the opening up of the American prairies to cultivation in the 1870s and the advent of cheap transportation with the ...
The Panic of 1873 was a financial crisis that triggered an economic depression in Europe and North America that lasted from 1873 to 1877 or 1879 in France and in Britain. In Britain, the Panic started two decades of stagnation known as the " Long Depression " that weakened the country's economic leadership. [ 1 ]
The poll asks for a single preference, whereas many people easily identify as any combination of British and Irish, or British, Northern Irish and Irish, or Irish and Northern Irish. The 2014 Life & Times Survey addressed this to an extent by choosing two of the options from the identity question: British and Irish.