Baldwin 1924-1929 Key Facts

Baldwin 1924-1929 Key Facts

1. In 1925, Churchill (chancellor of the exchequer) over-valued the Pound by 10%

2. In June 1921, unemployment rose to 2 million

3. In 1925, only 20% of British output was produced by coal-cutting machines (the rest was hand-picked)

4. The temporary state subsidy lasted for 9 months to keep wages at existing levels

5. The General Strike begun on the 3rd of May

6. Red Friday was the 31st July 1925 when the government offered the subsidy

7. The General Strike only lasted 9 days

   • It involved 3 million workers in total (transport, railway, printers, heavy industry, gas and electricity board workers

8. The Organisation for the Maintenance of Supplies created a national network of 100,000 voluntary workers to maintain vital services

9. Miners stayed on strike for 7 months

10. In 1927, Trade Union membership fell to 4.9 million

11. The 1927 Trade Disputes Act caused a fall of over 25% in the Labour Party's income

12. The Conservatives lost over 140 seats in the 1929 election (winning only 260)