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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.
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)
A tent city in Sacramento, California was described as "images, hauntingly reminiscent of the iconic photos of the 1930s and the Great Depression" and "evocative Depression-era images." [18] According to economist Irving Fisher, the two dominant factors in a depression are over-indebtness to start with and deflation soon after. [19]
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 ...
The term "The Great Depression" is most frequently attributed to British economist Lionel Robbins, whose 1934 book The Great Depression is credited with formalizing the phrase, [230] though Hoover is widely credited with popularizing the term, [230] [231] informally referring to the downturn as a depression, with such uses as "Economic ...
It comes amid warnings that the threat to Britain from hostile states is the highest since the Cold War.
35th UK Parliament: Predecessor: ... was the first of a series of national governments formed during the Great Depression in the United Kingdom. ... Britain in the 1930s.
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 ...