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 first-year know leadge domain war tested the economy at a time when Britains economic strength continued to hot decay in the face of other emerging powers such(prenominal) as the USA and Ger some. Unemployment was rife throughout this period, remaining higher up 10% for over fifteen years. Generally seen as one and only(a) of the major factors was geomorphologic unemployment, which came about largely through the line of the older staple fiber industries such as textiles, ember and ship building. These industries experienced a chance on in read 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 made 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 sentiment of structural unemployment, was geographical immobility.

The new industries were emerging in the randomness and east of England, away from the areas of high unemployment in the northward and west of Britain. Many people were unwilling or unable(p) to move to attain a job. They found it hard to get housing they could afford, and many simply d! id not want to yield the areas they lived in. In 1936 stern Maynard Keynes published his book General Theory of Unemployment. This intercommunicate the occupation of demand deficient unemployment. He suggested that the reason for ache precondition unemployment was due to companies unwilling to invest, If you want to get a rise essay, order it on our website: OrderCustomPaper.com

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