Great Depression in the United Kingdom/Timelines: Difference between revisions
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imported>Nick Gardner No edit summary |
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(June) Labour Government Prime Minister Ramsay McDonald. Chancellor of the Exchequer Phillip Snowden | (June) Labour Government Prime Minister Ramsay McDonald. Chancellor of the Exchequer Phillip Snowden | ||
:Bank of England raises the bank rate from 4.5% to 5.5% | :Bank of England raises the bank rate from 4.5% to 5.5% | ||
1930 | |||
:January | |||
::Economic Advisory Council - holds 13 meetings without reaching agreement. | |||
:May | |||
::Mosely Memorandum | |||
1931 | 1931 | ||
:May | |||
::Collapse of Kreditanstalt bank in Austria sparks a run on banks | |||
:July | |||
:: May Report - recommends a £96m cut in public spending y by public sector salary reductions and in Unemployment Benefit. | |||
:: Run on the pound and heavy withdrawals from the Bank of England's gold reserves. | |||
:August | |||
:: Cabinet disagreement over Phillip Snowden's proposed 10% cut in unemployment benefit. | |||
:: Labour Government Resigns. | |||
:: National Government. Prime Minister Ramsay McDonald. Chancellor of the Exchequer Phillip Snowden. | |||
: September | |||
:: Cabinet agrees 10% cut in unemployment benefit. | |||
:: Britain leaves the gold standard | |||
:November | |||
:: "National " Government Chancellor Neville Chamberlin | |||
: Sterling (£) Crisis [http://www.nber.org/papers/w6563]. | : Sterling (£) Crisis [http://www.nber.org/papers/w6563]. | ||
: Britain leaves the gold standard | : Britain leaves the gold standard | ||
Revision as of 05:17, 2 March 2009
1919
- Coalition Government Prime Minister David Lloyd George
- (November) Bank of England raises discount rate from 5% to 6%
1920
- Montagu Norman becomes Governor of the Bank of England
- (April) Bank of England raises its discount rate to 7%
- Post-war recession [1].
1922
- Economic and Monetary Conference recommends return to the gold standard [2].
- (October) Conservative Government. Bonar Law Prime Minister
1923
- (May) Conservative Government. Prime Minister and Chancellor of the Exchequer Ramsay McDonald.
1924
- (January) Labour Government. Prime Minister Ramsay McDonald. Chancellor of the Exchequer Phillip Snowden.
- (November} Conservative Government. Prime Minister Stanley Baldwin. Chancellor of the Exchequer Winston Churchill.
1925
- Britain rejoins the gold standard.
1929 (June) Labour Government Prime Minister Ramsay McDonald. Chancellor of the Exchequer Phillip Snowden
- Bank of England raises the bank rate from 4.5% to 5.5%
1930
- January
- Economic Advisory Council - holds 13 meetings without reaching agreement.
- May
- Mosely Memorandum
1931
- May
- Collapse of Kreditanstalt bank in Austria sparks a run on banks
- July
- May Report - recommends a £96m cut in public spending y by public sector salary reductions and in Unemployment Benefit.
- Run on the pound and heavy withdrawals from the Bank of England's gold reserves.
- August
- Cabinet disagreement over Phillip Snowden's proposed 10% cut in unemployment benefit.
- Labour Government Resigns.
- National Government. Prime Minister Ramsay McDonald. Chancellor of the Exchequer Phillip Snowden.
- September
- Cabinet agrees 10% cut in unemployment benefit.
- Britain leaves the gold standard
- November
- "National " Government Chancellor Neville Chamberlin
- Sterling (£) Crisis [3].
- Britain leaves the gold standard
1932
- General tariff of 10% on imports
1933
- World Economic Conference: US vetoes international currency stabilisation [4].
1935
- (June) National Government Prime Minister Stanley Baldwin Chancellor of the Exchequer Neville Chamberlin.