The depression 1931-9

The depression 1931-9

1. causes

   • Wall street crash.
     • America call loans back.
     • Imports blocked
   • Import duties.
     • Discouraged people to buy things.
     • Discouraged trade.
       • Affected ship building and the rail way industry
       • Affects economy
   • Savings.
     • not spending
       • businesses go bankrupt
         • Unemployment.
   • outdated practices.
     • labour intensive.
       • Workers laid off

2. Government action

   • Actions reduced trade and spending
     • import duties act 1932.
       • Designed protect British industrie
         • Reduced trade
     • Raised income tax
     • 10% reduced unemployment pay.
     • Means tests introduced.