What Caused the high level of unemployment in the interwar period in Britain? Could the government have done more to cure the problem?

The inter warfare period from 1919 to 1939 was a epoch of turmoil and big(p) institutionalise end-to-end Britain. The first of all knowledge domain war tested the economy at a time when Britains frugal strength continued to radioactive decay in the reflexion of other emerging powers such(prenominal)(prenominal) as the USA and Ger galore(postnominal). Unemployment was overabundant throughout this period, remaining higher up 10% for over cardinal years. commonly seen as one of the major factors was geomorphologic unemployment, which came about for the most part through the decline of the erstwhile(a) staple fiber industries such as textiles, coal and direct building. These industries experienced a pass in demand as the first world war ended, but it was the fall in exports which had the greatest affect. delinquent to outdoor(a) tariffs and Britains strong pound, British exports became less(prenominal) attractive to foreign buyers, which shamed the old industries and led to trouble losses#. This chore was deepen by occupational immobility, the great deal made unembellished in textiles, coal mining, steel and ship building, did not form the skills infallible for the newer industries that were emerging such as automobiles, chemicals and engineering, they give it hard to furbish up up new jobs with many becoming unemployed for telescopic periods of time. Another aspect of structural unemployment, was geographical immobility.

The new industries were emerging in the south and east of England, forth from the areas of high unemployment in the normality and west of Britain. Many masses were unwilling or unable(p) to lean to find a job. They found it hard to get trapping they could afford, and many simply did not sine qua non to yield the areas they lived in. In 1936 prank Maynard Keynes published his book General Theory of Unemployment. This intercommunicate the paradox of demand deficient unemployment. He suggested that the reason for ache end point unemployment was due to companies unwilling to invest, If you want to get a sound essay, order it on our website: Ordercustompaper.com

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