Britain During The Inter-war Years Essay

After the First universe War Britain suffered economically. This was due to its material export sales being reduce as trade was severely disrupted in the struggle age encouraging customers to shop elsewhere for their goods such as Japan and opposite countries who took advantage of Britains uncertainty and added taxes to their imports. Britain was also in debt by atomic number 53 million pounds owed to other countries, which did not help the situation.The first major drop-off began around 1921 when over two million people were un assiduous this was leavely due to numerous men being injured in the war over one and a half million men from the get together Kingdom alone were permanently weakened by wounds or the effects of gas. Also Britain saw a large reduction in their conventional exports such as coal, iron or steel which resulted in many jobs being forfeited.The coal industry was being left behind by oil, electricity and gas, these could be obtained cheaper or dismantl e for free from other countries resembling Poland where labour was cheaper and Germany who were still in debt for the reparations of the First creative activity War. Suprisingly though Britain recovered(p) quicker and more than so than many of the other countries such as America, France and Belgium, it is argued that this was powered by residential twisting and the bleaker developing industries against rearmament for the Second World War.In the depressed areas of Britain Scotland, Lancashire Northern Ireland and South Wales unemployment and poverty were common and part of everyday life. Most of these areas were working class where its inhabitants will have been employed in the dwindling industries such as shipping and textiles and at that era there was no alternative work avail satisfactory. The government tried discordant ways to try and raise funds, they decided to reduce the wages paid to the few people who were still working to provide more funds to support the unemplo yed unfortunately this only succeeded to depress people save and encourage strikes.The government even tried to cut their own w foole plague this would have involved a reduction in the pay of teachers and documentation to schools and hospitals. They also returned to gold standard in April 1925 this made exports expensive further did make imports cheaper. They hence raised income tax and trim unemployment benefits by ex percent the bank rates were also reduced to a woeful two- percent lowering the interest earned on money saved. dickens unpaid commissioners were taken on to try and revive the worst hit areas this was said to have little or no effect. The government then set out to encourage new businesses by offering reduced rates, rent and income tax, this was effective but only in providing lightweight pulverization work mainly directed at women to produce the all new electrical goods such as parts for irons, radios and light bulbs.This meant that people had more extra cas h to spend on consumer goods and more people were able to go on holiday for the first time or even buy their own home, this was encouraged by the falling cost of construction materials and cheaper borrowing as the interest rates dropped. This triggered a wave of household building to meet the increased demand, which in turn created many manual of arms male orientated jobs and also increased the demand for household goods such as furniture and telephones.