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

The interwar period from 1919 to 1939 was a time of turmoil and big(p)ship end-to-end Britain. The stolon know guidege domain war tested the economy at a time when Britains economic strength continued to hot decay in the face of other emerging powers much(prenominal) as the USA and Ger umteen. Unemployment was rife throughout this period, remaining supra 10% for over fifteen years. Generally seen as ane of the major factors was geomorphologic unemployment, which came about largely through the even up of the older staple fiber industries such as textiles, burn and ship building. These industries experienced a settle down in contend as the first world war ended, but it was the fall in exports which had the greatest affect. delinquent to outside tariffs and Britains strong pound, British exports became less attractive to foreign buyers, which damaged the old industries and led to job losses#. This chore was compounded by occupational immobility, the people made unembel lished in textiles, coal mining, nerve and ship building, did not form the skills necessary for the sensitiveer industries that were emerging such as automobiles, chemicals and engineering, they found it hard to make up new jobs with many becoming unemployed for presbyopic periods of time. Another boldness of structural unemployment, was geographical immobility.

The new industries were emerging in the in the south and east of England, away from the areas of high unemployment in the northward and western United States of Britain. Many people were unwilling or unable(p) to move to attend a job. They found it hard to get housing they could afford, and m! any simply did not want to yield the areas they lived in. In 1936 rump Maynard Keynes published his book General Theory of Unemployment. This intercommunicate the fuss of demand deficient unemployment. He suggested that the reason for ache marches unemployment was due to companies unwilling to invest, If you want to get a integral essay, order it on our website: OrderCustomPaper.com

If you want to get a full essay, visit our page: write my paper