the decline of heavy industry was
the most significant cause of
poverty, in the years 1920-39?
Tags
intro:
it is accurate to suggest the decline in heavy industry was the most significant cause of
poverty as it created a situation where skilled men had non transferable skills.
however, this problem was greatly exacerbated by the Great Depression that began as a
result of the 1929 Wall Street crash and the fact that governments the governments
responses were ineffective in resolving the significant poverty the decline of heavy
industry had created.
therefore, an effective government policy was the most significant cause of poverty in the
years 1920-1939
main body:
1) heavy industries had very specific non transferable skills
in the years 1920-1929 it was a very short lived post war boom in which 2.9mn workers
found jobs
soon after the economic cycle hit a recession and disaster struck the heavy industries
it can be noted that during WW1, the USA and Japan had filled the gap Britain and
created when it temporarily withdrew from the World Trade market
the effects of this felt in heavy industry
Britain did not regain the trade they had lost during the war as many countries became
self-sufficient and recovered their own industry
The effects of this were greatly felt in the period 1920 to 29 as many areas in the industrial
heartland we're plunged into poverty has demand had fallen for the goods there factories
produced this resulted in layoffs and subsequent unemployment which was a clear factor
of poverty
before the war Britain exported 75% of its cotton made from the textile industry
in the 1920s countries such as India had created tariff barriers which further contributed to
the decline of heavy industry
the decline of heavy industry was the most significant cause of poverty, in the years 1920-39? 1
the most significant cause of
poverty, in the years 1920-39?
Tags
intro:
it is accurate to suggest the decline in heavy industry was the most significant cause of
poverty as it created a situation where skilled men had non transferable skills.
however, this problem was greatly exacerbated by the Great Depression that began as a
result of the 1929 Wall Street crash and the fact that governments the governments
responses were ineffective in resolving the significant poverty the decline of heavy
industry had created.
therefore, an effective government policy was the most significant cause of poverty in the
years 1920-1939
main body:
1) heavy industries had very specific non transferable skills
in the years 1920-1929 it was a very short lived post war boom in which 2.9mn workers
found jobs
soon after the economic cycle hit a recession and disaster struck the heavy industries
it can be noted that during WW1, the USA and Japan had filled the gap Britain and
created when it temporarily withdrew from the World Trade market
the effects of this felt in heavy industry
Britain did not regain the trade they had lost during the war as many countries became
self-sufficient and recovered their own industry
The effects of this were greatly felt in the period 1920 to 29 as many areas in the industrial
heartland we're plunged into poverty has demand had fallen for the goods there factories
produced this resulted in layoffs and subsequent unemployment which was a clear factor
of poverty
before the war Britain exported 75% of its cotton made from the textile industry
in the 1920s countries such as India had created tariff barriers which further contributed to
the decline of heavy industry
the decline of heavy industry was the most significant cause of poverty, in the years 1920-39? 1
