Economic Recovery During The 1

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steal and shipbuilding were based. Due to demand for trade in these areas being low many of these industries had to lay off their workforce or even close down. Due to these redundancies and closures the levels of unemployment rose. Areas in Britain which were drastically affected by these closures were Clydeside, South Wales, the North East of England and Northern Ireland. During this time of high unemployment figures peaked at 3 million. This level of unemployment stayed the same for a period of three years.
Overall it can be seen that depression occurred world wide and that full economic recovery was going to be hard to achieve. It can also be seen that it was going to take a long time to achieve full economic recovery especially in areas which relied on traditional industries.
The first party to try and tackle the economic problems was the Labour party led by Ramsey McDonald. Labours approach to tackling the economic problems was to follow the traditional line of the classical ...

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took the wrong direction when trying to tackle the problems. The split of the labour party showed that lots of people had different ideas on how to combat the economic problems.

As a result of the labour party splitting a National Coalition Government was formed. This party consisted of the whole Conservative party and a minority of the Labour party. The coalition party was led by the ex labour prime minister Ramsey McDonald. The National Government continued on the same line as the labour party which was to use laissez faire and balance the budget. The first thing they did was to introduce the proposals of the May Committee which meant that Means Testing was introduced and benefits ...

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