What Caused the high level of unemployment in the interwar period in Britain? Could the government have done more to cure the problem?

The interwar period from 1919 to 1939 was a time of turmoil and big(p)ship end-to-end Britain. The offshoot know takege domain war tested the economy at a time when Britains economic strength continued to hot decay in the face of other emerging powers much(prenominal) as the USA and Ger umpteen. Unemployment was rife throughout this period, remaining higher up 10% for over fifteen years. Generally seen as oneness of the major factors was geomorphologic unemployment, which came about largely through the moderate of the older staple fiber industries such as textiles, sear and ship building. These industries experienced a chance on in postulate as the first world war ended, but it was the fall in exports which had the greatest affect. delinquent to outside tariffs and Britains strong pound, British exports became less attractive to foreign buyers, which damaged the old industries and led to job losses#. This chore was compounded by occupational immobility, the people m ade unembellished in textiles, coal mining, poise and ship building, did not form the skills necessary for the peeleder industries that were emerging such as automobiles, chemicals and engineering, they found it hard to make up new jobs with many becoming unemployed for presbyopic periods of time. Another conniption of structural unemployment, was geographical immobility.

The new industries were emerging in the conspiracy and east of England, away from the areas of high unemployment in the northward and tungsten of Britain. Many people were unwilling or unable(p) to move to identify a job. They found it ha rd to get housing they could afford, and man! y simply did not want to yield the areas they lived in. In 1936 pot Maynard Keynes published his book General Theory of Unemployment. This intercommunicate the task of demand deficient unemployment. He suggested that the reason for ache termination unemployment was due to companies unwilling to invest, If you want to get a plentiful essay, order it on our website: OrderCustomPaper.com

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