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1926 General Strike
The 1926 general strike in the United Kingdom was a general strike that lasted nine days, from 4 to 12 May 1926. It was called by the General Council of the Trades Union Congress (TUC) in an unsuccessful attempt to force the British government to act to prevent wage reductions and worsening conditions for 1.2 million locked-out coal miners. Some 1.7 million workers went out, especially in transport and heavy industry. The government was well prepared, and enlisted middle class volunteers to maintain essential services. There was little violence and the TUC gave up in defeat. Causes From 1914 to 1918, the United Kingdom participated in World War I. Heavy domestic use of coal during the war depleted once-rich seams. Britain exported less coal during the war than it would have in peacetime, allowing other countries to fill the gap. This particularly benefited the strong coal industries of the United States, Poland, and Germany. In the early 1880s, coal production was ...
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Tyldesley
Tyldesley () is a town in the Metropolitan Borough of Wigan in Greater Manchester, England. Within the boundaries of the historic county of Lancashire, it is north of Chat Moss near the foothills of the West Pennine Moors, southeast of Wigan and northwest of Manchester. At the United Kingdom Census 2001, the Tyldesley built-up area, excluding Shakerley, had a population of 16,142. The remains of a Roman road passing through the township on its ancient course between ''Coccium'' (Wigan) and ''Mamucium'' (Manchester) were evident during the 19th century. Following the Anglo-Saxon invasion of Britain, Tyldesley was part of the manor of Warrington, until the Norman conquest of England, when the settlement constituted a township called Tyldesley-with-Shakerley in the ancient parish of Leigh. The factory system and textile manufacture during the Industrial Revolution triggered population growth and urbanisation, and by the early 20th century it was said that the mill town was "em ...
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Dawes Plan
The Dawes Plan (as proposed by the Dawes Committee, chaired by Charles G. Dawes) was a plan in 1924 that successfully resolved the issue of World War I reparations that Germany had to pay. It ended a crisis in European diplomacy following World War I and the Treaty of Versailles. The plan provided for an end to the Franco-Belgian occupation of the Ruhr, and a staggered payment plan for Germany's payment of war reparations. Because the Plan resolved a serious international crisis, Dawes shared the Nobel Peace Prize in 1925 for his work. The Dawes Plan was put forward and was signed in Paris on August 16, 1924. This was done under the Foreign Secretary of Germany, Gustav Stresemann. Stresemann was Chancellor after the Hyperinflation Crisis of 1923 and was in charge of getting Germany back to its global reputation for being a fighting force. However, he resigned from his position as Chancellor in November 1923 while remaining Foreign Secretary of Germany. Background: World Wa ...
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Nationalisation
Nationalization (nationalisation in British English) is the process of transforming privately-owned assets into public assets by bringing them under the public ownership of a national government or state. Nationalization usually refers to private assets or to assets owned by lower levels of government (such as municipalities) being transferred to the state. Nationalization contrasts with privatization and with demutualization. When previously nationalized assets are privatized and subsequently returned to public ownership at a later stage, they are said to have undergone renationalization. Industries often subject to nationalization include the commanding heights of the economy – telecommunications, electric power, fossil fuels, railways, airlines, iron ore, media, postal services, banks, and water – though, in many jurisdictions, many such entities have no history of private ownership. Nationalization may occur with or without financial compensation to the former owners. ...
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Samuel Commission
The Samuel Commission was a Royal Commission set up by the United Kingdom Prime Minister, Stanley Baldwin in 1925 to look into the mining industry. It took its name from Herbert Samuel, the former High Commissioner of Palestine High may refer to: Science and technology * Height * High (atmospheric), a high-pressure area * High (computability), a quality of a Turing degree, in computability theory * High (tectonics), in geology an area where relative tectonic uplift to ... who had just returned to the United Kingdom. The Royal Warrant for the Commission was issued on 5 September 1925 with visits to coal mines arranged for late September and early October. The first public sitting was held on 15 October 1925. References British Royal Commissions {{UK-gov-stub ...
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Herbert Samuel, 1st Viscount Samuel
Herbert Louis Samuel, 1st Viscount Samuel, (6 November 1870 – 5 February 1963) was a British Liberal politician who was the party leader from 1931 to 1935. He was the first nominally-practising Jew to serve as a Cabinet minister and to become the leader of a major British political party. Samuel had promoted Zionism within the British Cabinet, beginning with his 1915 memorandum entitled '' The Future of Palestine''. In 1920 he was appointed as the first High Commissioner for Palestine, in charge of the administration of the territory. Samuel was the last member of the Liberal Party to hold one of the four Great Offices of State (as Home Secretary from 1931–32 in the National Government of Ramsay MacDonald). One of the adherents of "New Liberalism", Samuel helped to draft and present social reform legislation while he was serving as a Liberal cabinet member. Samuel led the party in both the 1931 general election and the 1935 general election, during which period the part ...
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Special Committee Of The General Council Of The Trades Union Congress
Special or specials may refer to: Policing * Specials, Ulster Special Constabulary, the Northern Ireland police force * Specials, Special Constable, an auxiliary, volunteer, or temporary; police worker or police officer Literature * Specials (novel), ''Specials'' (novel), a novel by Scott Westerfeld * ''Specials'', the comic book heroes, see Rising Stars (comic), ''Rising Stars'' (comic) Film and television * Special (lighting), a stage light that is used for a single, specific purpose * Special (film), ''Special'' (film), a 2006 scifi dramedy * The Specials (2000 film), ''The Specials'' (2000 film), a comedy film about a group of superheroes * The Specials (2019 film), ''The Specials'' (2019 film), a film by Olivier Nakache and Éric Toledano * Television special, television programming that temporarily replaces scheduled programming * Special (TV series), ''Special'' (TV series), a 2019 Netflix Original TV series * Specials (TV series), ''Specials'' (TV series), a 1991 TV ser ...
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Working Time
Working(laboring) time is the period of time that a person spends at paid labor. Unpaid labor such as personal housework or caring for children or pets is not considered part of the working week. Many countries regulate the work week by law, such as stipulating minimum daily rest periods, annual holidays, and a maximum number of working hours per week. Working time may vary from person to person, often depending on economic conditions, location, culture, lifestyle choice, and the profitability of the individual's livelihood. For example, someone who is supporting children and paying a large mortgage might need to work more hours to meet basic costs of living than someone of the same earning power with lower housing costs. In developed countries like the United Kingdom, some workers are part-time because they are unable to find full-time work, but many choose reduced work hours to care for children or other family; some choose it simply to increase leisure time. Standard wor ...
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£sd
£sd (occasionally written Lsd, spoken as "pounds, shillings and pence" or pronounced ) is the popular name for the pre-decimal currencies once common throughout Europe, especially in the British Isles and hence in several countries of the British Empire and subsequently the Commonwealth. The abbreviation originates from the Latin currency denominations '' librae'', ''solidi'', and ''denarii''. In the United Kingdom, these were referred to as '' pounds'', ''shillings'', and '' pence'' (''pence'' being the plural of ''penny''). Although the names originated from popular coins in the classical Roman Empire, their definitions and the ratios between them were introduced and imposed across Western Europe by the Emperor Charlemagne. The £sd system was the standard across much of the European continent (France, Italy, Germany, etc.) for nearly a thousand years, until the decimalisations of the 18th and 19th centuries. As the United Kingdom remained one of the few countries reta ...
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Interest Rate
An interest rate is the amount of interest due per period, as a proportion of the amount lent, deposited, or borrowed (called the principal sum). The total interest on an amount lent or borrowed depends on the principal sum, the interest rate, the compounding frequency, and the length of time over which it is lent, deposited, or borrowed. The annual interest rate is the rate over a period of one year. Other interest rates apply over different periods, such as a month or a day, but they are usually annualized. The interest rate has been characterized as "an index of the preference . . . for a dollar of present ncomeover a dollar of future income." The borrower wants, or needs, to have money sooner rather than later, and is willing to pay a fee—the interest rate—for that privilege. Influencing factors Interest rates vary according to: * the government's directives to the central bank to accomplish the government's goals * the currency of the principal sum lent or borrowed * ...
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Pound Sterling
Sterling (abbreviation: stg; Other spelling styles, such as STG and Stg, are also seen. ISO code: GBP) is the currency of the United Kingdom and nine of its associated territories. The pound ( sign: £) is the main unit of sterling, and the word "pound" is also used to refer to the British currency generally, often qualified in international contexts as the British pound or the pound sterling. Sterling is the world's oldest currency that is still in use and that has been in continuous use since its inception. It is currently the fourth most-traded currency in the foreign exchange market, after the United States dollar, the euro, and the Japanese yen. Together with those three currencies and Renminbi, it forms the basket of currencies which calculate the value of IMF special drawing rights. As of mid-2021, sterling is also the fourth most-held reserve currency in global reserves. The Bank of England is the central bank for sterling, issuing its own banknotes, and ...
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Gold Standard
A gold standard is a monetary system in which the standard economic unit of account is based on a fixed quantity of gold. The gold standard was the basis for the international monetary system from the 1870s to the early 1920s, and from the late 1920s to 1932 as well as from 1944 until 1971 when the United States unilaterally terminated convertibility of the US dollar to gold, effectively ending the Bretton Woods system. Many states nonetheless hold substantial gold reserves. Historically, the silver standard and bimetallism have been more common than the gold standard. The shift to an international monetary system based on a gold standard reflected accident, network externalities, and path dependence. Great Britain accidentally adopted a ''de facto'' gold standard in 1717 when Sir Isaac Newton, then-master of the Royal Mint, set the exchange rate of silver to gold too low, thus causing silver coins to go out of circulation. As Great Britain became the world's leading financ ...
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