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Great Depression In The United Kingdom
The Great Depression in the United Kingdom also known as the Great Slump, was a period of national economic downturn in the 1930s, which had its origins in the global Great Depression. It was Britain's largest and most profound economic depression of the 20th century. The Great Depression originated in the United States in late 1929 and quickly spread to the world. Britain did not experience the boom that had characterized the U.S., Germany, parts of the British Empire with Canada and Australia in the 1920s, so its effect appeared less severe.H. W. Richardson, "The Economic Significance of the Depression in Britain," ''Journal of Contemporary History'' (1970) 4#4 pp. 3–1in JSTOR/ref> Britain's world trade fell by half (1929–33), the output of heavy industry fell by a third, employment profits plunged in nearly all sectors. At the depth in summer 1932, registered unemployed numbered 3.5 million, and many more had only part-time employment. However at the same time, from 1929 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Downturn
In economics, a recession is a business cycle contraction that occurs when there is a period of broad decline in economic activity. Recessions generally occur when there is a widespread drop in spending (an adverse demand shock). This may be triggered by various events, such as a financial crisis, an external trade shock, an adverse supply shock, the bursting of an economic bubble, or a large-scale anthropogenic or natural disaster (e.g. a pandemic). There is no official definition of a recession, according to the IMF. In the United States, a recession is defined as "a significant decline in economic activity spread across the market, lasting more than a few months, normally visible in real GDP, real income, employment, industrial production, and wholesale-retail sales." The European Union has adopted a similar definition. In the United Kingdom and Canada, a recession is defined as negative economic growth for two consecutive quarters. Governments usually respond to recessions ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Northern England
Northern England, or the North of England, refers to the northern part of England and mainly corresponds to the Historic counties of England, historic counties of Cheshire, Cumberland, County Durham, Durham, Lancashire, Northumberland, Westmorland and Yorkshire. Officially, it is a grouping of three Regions of England, statistical regions: the North East England, North East, the North West England, North West, and Yorkshire and the Humber, which had a combined population of 15.5 million at the 2021 United Kingdom census, 2021 census, an area of and 17 City status in the United Kingdom, cities. Northern England is cultural area, culturally and Economic inequality, economically distinct from both the Midlands of England, Midlands and Southern England. The area's northern boundary is the Anglo-Scottish border, border with Scotland, its western the Irish Sea and a short England–Wales border, border with Wales, and its eastern the North Sea. Its southern border is often debated, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Second MacDonald Ministry
The second MacDonald ministry was formed by Ramsay MacDonald on his reappointment as prime minister of the United Kingdom by King George V on 5 June 1929. It was the second time the Labour Party (UK), Labour Party had formed a government; the first MacDonald ministry held office in 1924. Background The government formed lacked a parliamentary majority, its total of 288 seats (arising from 8,300,000 votes) compared to the Conservative Party (UK), Conservatives' 255 seats with 8,560,000 votes. Most remaining seats were those of 58 Liberal Party (UK), Liberal MPs. The disparity in seats versus votes cast was created by the outcome on boundaries at the time under the first past the post electoral system and the lack of a boundary change since the Representation of the People Act 1918. MacDonald thus had a minority government that needed the support of Lloyd George's MPs to pass legislation. His ministers rapidly faced the problems stemming from the impact of the Great Depression, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1929 United Kingdom General Election
The 1929 United Kingdom general election was held on Thursday, 30 May 1929, with Parliament dissolved on 10 May. It resulted in a hung parliament: despite receiving fewer votes than the Conservative Party, led by Prime Minister Stanley Baldwin, Ramsay MacDonald's Labour Party won the most seats in the House of Commons, with the Liberal Party, led again by former Prime Minister David Lloyd George, regaining some of the ground lost in 1924 and holding the balance of power. The election was often referred to as the " Flapper Election", because it was the first in which women aged 21–29 had the right to vote (owing to the Representation of the People Act 1928). Women over 30, with some property qualifications, had been able to vote since the 1918 general election, but the 1929 vote was the first general election with universal suffrage for adults over 21, which was then the age of majority. The election was fought against a background of rising unemployment, with the memo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bundesarchiv Bild 102-10246, England, Arbeitslose Vor Gewerkschaftshaus
The German Federal Archives or Bundesarchiv (BArch) (, lit. "Federal Archive") are the national archives of Germany. They were established at the current location in Koblenz in 1952. They are subordinated to the Federal Commissioner for Culture and the Media (Claudia Roth since 2021) under the German Chancellery, and before 1998, to the Federal Ministry of the Interior. On 6 December 2008, the Archives donated 100,000 photos to the public, by making them accessible via Wikimedia Commons. History The federal archive for institutions and authorities in Germany, the first precursor to the present-day Federal Archives, was established in Potsdam, Brandenburg in 1919, a later date than in other European countries. This national archive documented German government dating from the founding of the North German Confederation in 1867. It also included material from the older German Confederation and the Imperial Chamber Court. The oldest documents in this collection dated back to the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Exchange Rate
In finance, an exchange rate is the rate at which one currency will be exchanged for another currency. Currencies are most commonly national currencies, but may be sub-national as in the case of Hong Kong or supra-national as in the case of the euro. The exchange rate is also regarded as the value of one country's currency in relation to another currency. For example, an Interbank lending market, interbank exchange rate of 141 Japanese yen to the United States dollar means that ¥141 will be exchanged for or that will be exchanged for ¥141. In this case it is said that the price of a dollar in relation to yen is ¥141, or equivalently that the price of a yen in relation to dollars is $1/141. Each country determines the exchange rate regime that will apply to its currency. For example, a currency may be floating exchange rate, floating, fixed exchange rate, pegged (fixed), or a hybrid. Governments can impose certain limits and controls on exchange rates. Countries can als ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gold Standard
A gold standard is a backed currency, monetary system in which the standard economics, 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 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 w ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Pound Sterling
Sterling (symbol: £; currency code: GBP) is the currency of the United Kingdom and nine of its associated territories. The pound 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 in continuous use since its inception. In 2022, it was 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 the renminbi, it forms the basket of currencies that calculate the value of IMF special drawing rights. As of late 2022, 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 regulating issuance of banknotes by private banks in Scotland and Northern Ireland. Sterling banknotes issu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank Of England
The Bank of England is the central bank of the United Kingdom and the model on which most modern central banks have been based. Established in 1694 to act as the Kingdom of England, English Government's banker and debt manager, and still one of the bankers for the government of the United Kingdom, it is the world's second oldest central bank. The bank was privately owned by stockholders from its foundation in 1694 until it was nationalised in 1946 by the Attlee ministry. In 1998 it became an independent public organisation, wholly owned by the Treasury Solicitor on behalf of the government, with a mandate to support the economic policies of the government of the day, but independence in maintaining price stability. In the 21st century the bank took on increased responsibility for maintaining and monitoring financial stability in the UK, and it increasingly functions as a statutory Financial regulation, regulator. The bank's headquarters have been in London's main financial di ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Winston Churchill
Sir Winston Leonard Spencer Churchill (30 November 1874 – 24 January 1965) was a British statesman, military officer, and writer who was Prime Minister of the United Kingdom from 1940 to 1945 (Winston Churchill in the Second World War, during the Second World War) and again from 1951 to 1955. For some 62 of the years between 1900 and 1964, he was a Member of Parliament (United Kingdom), member of parliament (MP) and represented a total of five Constituencies of the Parliament of the United Kingdom, constituencies over that time. Ideologically an adherent to economic liberalism and imperialism, he was for most of his career a member of the Conservative Party (UK), Conservative Party, which he led from 1940 to 1955. He was a member of the Liberal Party (UK), Liberal Party from 1904 to 1924. Of mixed English and American parentage, Churchill was born in Oxfordshire into the wealthy, aristocratic Spencer family. He joined the British Army in 1895 and saw action in British R ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Chancellor Of The Exchequer
The chancellor of the exchequer, often abbreviated to chancellor, is a senior minister of the Crown within the Government of the United Kingdom, and the head of HM Treasury, His Majesty's Treasury. As one of the four Great Offices of State, the chancellor is a high-ranking member of the British Cabinet. Responsible for all economic and financial matters, the role is equivalent to that of a finance minister in other countries. The chancellor is now always second lord of the Treasury as one of at least six Lords Commissioners of the Treasury, lords commissioners of the Treasury, responsible for executing the office of the Treasurer of the Exchequer the others are the prime minister and Commons government whips. In the 18th and early 19th centuries, it was common for the prime minister also to serve as Chancellor of the Exchequer if he sat in the Commons; the last Chancellor who was simultaneously prime minister and Chancellor of the Exchequer was Stanley Baldwin in 1923. Formerl ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Conservative Party (UK)
The Conservative and Unionist Party, commonly the Conservative Party and colloquially known as the Tories, is one of the two main political parties in the United Kingdom, along with the Labour Party (UK), Labour Party. The party sits on the Centre-right politics, centre-right to Right-wing politics, right-wing of the Left–right political spectrum, left-right political spectrum. Following its defeat by Labour at the 2024 United Kingdom general election, 2024 general election it is currently the second-largest party by the number of votes cast and number of seats in the House of Commons of the United Kingdom, House of Commons; as such it has the formal parliamentary role of His Majesty's Most Loyal Opposition. It encompasses various ideological factions including One-nation conservatism, one-nation conservatives, Thatcherism, Thatcherites and Traditionalist conservatism, traditionalist conservatives. There have been 20 Conservative Prime Minister of the United Kingdom, prime minis ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
