Learning objective
Economic issues: the Depression and financial crisis; changes to economic policy, including moving from the Gold Standard; tariff reform and imperial preference; effect on industry, agriculture and trade.
Read the explanation, check the common trap, then practise with flashcards and questions.
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Topic
The 'Hungry Thirties', 1929–1939 (A-level only)
Subtopic
The 'Hungry Thirties', 1929–1939 (A-level only)
Study support
Understand this objective
Quick explanation
Economic issues: the Depression and financial crisis; changes to economic policy, including moving from the Gold Standard; tariff reform and imperial preference; effect on industry, agriculture and trade
- This point belongs to The 'Hungry Thirties', 1929–1939 (A-level only), especially The 'Hungry Thirties', 1929–1939 (A-level only).
- You need to be able to economic issues: the Depression and financial crisis; changes to economic policy, including moving from the Gold Standard; tariff reform and imperial preference; effect on industry, agriculture and trade.
- Use the linked flashcards and practice questions to check recall, then practise applying the idea in an exam-style answer.
Why it matters
This objective helps connect The 'Hungry Thirties', 1929–1939 (A-level only) to exam-style questions, flashcards, and revision notes for The 'Hungry Thirties', 1929–1939 (A-level only).
Quick student answer
What was one significant economic consequence of the Great Depression in Britain during the 'Hungry Thirties'?
Direct answer
The Great Depression led to unprecedented levels of unemployment in Britain, peaking at around 3 million by 1933.
Key terms
- Unemployment: The state of being without a job despite actively seeking work, which reached high levels in Britain during the 1930s.
- Deflation: A decrease in the general price level of goods and services, which was a significant issue during the Great Depression.
Common trap
Overgeneralizing economic impacts: Acknowledge that different sectors, such as coal and textiles, faced varying degrees of impact.
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Related learning objectives
- Political developments: the Labour government; domestic policies and response to economic problems; the reasons for and policies of the National Government; the leadership of MacDonald, Baldwin and Chamberlain.
The 'Hungry Thirties', 1929–1939 (A-level only)
- Social and cultural impact of the Depression: changes in working opportunities and living standards; National Government policies; social and regional division; literary responses; radio and cinema; social and cultural responses to international crises.
The 'Hungry Thirties', 1929–1939 (A-level only)
- Challenges to stability: the abdication crisis; radical political groups: the BUF; Communism.
The 'Hungry Thirties', 1929–1939 (A-level only)