Depression

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on February 12, 1931, "To combat hard times, British leaders were forced to keep wages down (this made exports cheaper but precipitated the General strike of 1926) and to raise interest rates (this restored value to the British pound, but choked off borrowing)." MacDonald suggested public works for temporary relief for unemployment. This was just a start, as the goal was to return the labour back into its normal industry. Other options, which were thought of, as a problem, which if solved, would alleviate some of the problem brought on by the were to clean up the slums of the cities. If people were off the streets and their quality of life increased the burden of the would be lightened. "The problem to be tackle is the provision of public works of a temporary character, the opening up of the land to the people of the country, giving them rights upon the soil and, finally, giving to industry vigilance, activity and adventure to enable it to carry on its production and back up ...

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the problem of overproduction. "…Production in many important lines of goods outran the ability of the public to purchase them." He goes on to give examples of the overproduction such as: automobile manufacturers, tire companies and cotton factories. His plan to counteract the problem caused by this was to improve to the credit of banks so that the economy could get a start on reestablishing itself. Other recommendations that would add to the purchasing power of the Nation were to refine federal aid highways; another step was to reinforce flood control and reclamation by adding additional funding to those programs. And finally to add additional funds for federal buildings over the ...

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