Thursday, April 11, 2013

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 first knowledge domain war tested the economy at a time when Britains economic strength continued to radioactive decay in the face of other emerging powers such as the USA and Germany. Unemployment was rife throughout this period, remaining above 10% for over fifteen years.

Generally seen as one of the major factors was geomorphologic unemployment, which came about largely through the decline of the older staple fiber industries such as textiles, coal and ship building. These industries experienced a fall in demand 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 unembellished in textiles, coal mining, steel and ship building, did not form the skills necessary for the newer 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 aspect of structural unemployment, was geographical immobility.

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The new industries were emerging in the south and east of England, away from the areas of high unemployment in the northward and west of Britain. Many people were unwilling or unable(p) to move to find a job. They found it hard to get housing they could afford, and many simply did not want to yield the areas they lived in.

In 1936 John Maynard Keynes published his book General Theory of Unemployment. This intercommunicate the problem of demand deficient unemployment. He suggested that the reason for ache term unemployment was due to companies unwilling to invest,

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