Great Depression in the United Kingdom/Timelines: Difference between revisions
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imported>Nick Gardner No edit summary |
imported>Nick Gardner No edit summary |
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1919 | 1919 | ||
: Coalition Government Prime Minister David Lloyd George | |||
: Bank of England raises discount rate from 5% to 6% | |||
1920 | 1920 | ||
: Post-war recession [http://www.econ.berkeley.edu/~eichengr/research/floudjohnsonchaptersep16-03.pdf]. | : Post-war recession [http://www.econ.berkeley.edu/~eichengr/research/floudjohnsonchaptersep16-03.pdf]. | ||
| Line 10: | Line 9: | ||
: Bank of England raises its discount rate to 7% | : Bank of England raises its discount rate to 7% | ||
1922 | 1922 | ||
: Economic and Monetary Conference recommends return to the gold standard [http://www.cepr.org/meets/wkcn/1/1671/papers/The_Genoa_Conference_finale.pdf]. | :April | ||
:: Economic and Monetary Conference recommends return to the gold standard [http://www.cepr.org/meets/wkcn/1/1671/papers/The_Genoa_Conference_finale.pdf]. | |||
:October | :October | ||
:: General Election: Conservative 344 seats, Labour 142 seats, Liberal 62 seats. | |||
:: Conservative Government. Bonar Law Prime Minister | :: Conservative Government. Bonar Law Prime Minister | ||
1923 | 1923 | ||
: May | : May | ||
:: | ::Conservative Government. Prime Minister and Chancellor of the Exchequer Stanley Baldwin | ||
: December | |||
:: General Election: Conservative 258 seats, Labour 191 seats, Liberal 158 seats. | |||
. | |||
1924 | 1924 | ||
: | :January | ||
: | :: Labour Government. Prime Minister Ramsay McDonald. Chancellor of the Exchequer Phillip Snowden. | ||
:October | |||
:: General Election: Conservative 412 seats, Labour 151 seats, Liberal 40 seats. | |||
:: Conservative Government. Prime Minister Stanley Baldwin. Chancellor of the Exchequer Winston Churchill. | |||
1925 | 1925 | ||
: Britain rejoins the gold standard. | : Britain rejoins the gold standard. | ||
1929 | 1929 | ||
: | :May | ||
:: General Election: | :: General Election: Conservative 260 seats, Labour 287 seats, Liberal 59 seats. | ||
:: Minority Labour Government. Prime Minister Ramsay McDonald. Chancellor of the Exchequer Phillip Snowden | :: Minority 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% | ||
| Line 46: | Line 53: | ||
:: Cabinet agrees 10% cut in unemployment benefit. | :: Cabinet agrees 10% cut in unemployment benefit. | ||
:: Britain leaves the gold standard | :: Britain leaves the gold standard | ||
:October | |||
:: General Election: Conservative 470 seats, Labour 32 seats, Liberal 35 seats. | |||
:November | :November | ||
:: "National " Government Prime Minister Ramsay McDonald, Chancellor Neville Chamberlin | :: "National " Government Prime Minister Ramsay McDonald, Chancellor Neville Chamberlin | ||
| Line 53: | Line 62: | ||
: World Economic Conference: US vetoes international currency stabilisation [http://www.answers.com/topic/world-economic-conference]. | : World Economic Conference: US vetoes international currency stabilisation [http://www.answers.com/topic/world-economic-conference]. | ||
1935 | 1935 | ||
: National Government Prime Minister. Stanley Baldwin, Chancellor of the Exchequer Neville Chamberlin. | |||
Revision as of 07:14, 2 March 2009
1919
- Coalition Government Prime Minister David Lloyd George
- Bank of England raises discount rate from 5% to 6%
1920
- Post-war recession [1].
- Montagu Norman becomes Governor of the Bank of England
- Bank of England raises its discount rate to 7%
1922
- April
- Economic and Monetary Conference recommends return to the gold standard [2].
- October
- General Election: Conservative 344 seats, Labour 142 seats, Liberal 62 seats.
- Conservative Government. Bonar Law Prime Minister
1923
- May
- Conservative Government. Prime Minister and Chancellor of the Exchequer Stanley Baldwin
- December
- General Election: Conservative 258 seats, Labour 191 seats, Liberal 158 seats.
. 1924
- January
- Labour Government. Prime Minister Ramsay McDonald. Chancellor of the Exchequer Phillip Snowden.
- October
- General Election: Conservative 412 seats, Labour 151 seats, Liberal 40 seats.
- Conservative Government. Prime Minister Stanley Baldwin. Chancellor of the Exchequer Winston Churchill.
1925
- Britain rejoins the gold standard.
1929
- May
- General Election: Conservative 260 seats, Labour 287 seats, Liberal 59 seats.
- Minority 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%
- October
- Wall Street crash.
1930
- January
- Economic Advisory Council - holds 13 meetings without reaching agreement.
- May
- Mosely Memorandum - rejected.
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[3]..
- 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
- October
- General Election: Conservative 470 seats, Labour 32 seats, Liberal 35 seats.
- November
- "National " Government Prime Minister Ramsay McDonald, Chancellor Neville Chamberlin
1932
- General tariff of 10% on imports
1933
- World Economic Conference: US vetoes international currency stabilisation [4].
1935
- National Government Prime Minister. Stanley Baldwin, Chancellor of the Exchequer Neville Chamberlin.