British economy in the 1930's
How far can the fortunes of the British economy in the 1930s be explained in terms of British industrial decline?
After the Wall Street Crash of 1929, the economy of those countries dependent on trade collapsed due to the crisis in America. Britain was one of these countries. The aim of this essay is to establish the extent of the effect that Britain’s industry had on her economy after this depression.
There is no doubt …
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…occurred at the same time as the absolute industrial growth in such a way as to negate any possibility of coincidence. Also, the country was experiencing industrial decline relative to other nations and the economy collapsed due to the Wall Street Crash, to such an extent that the country had to be taken off the Gold Standard. This shows that there was a direct link between the economy and industry, and that they were co-dependent.
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