StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...

Post-War Economic Crisis in the UK - Assignment Example

Comments (0) Cite this document
Summary
This paper "Post-War Economic Crisis in the UK" discusses economies of the warring countries that were almost collapsed during the four-year-long continuous war period. England was one of the major victims of war, which had to undergo serious setbacks both in men and material…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER93% of users find it useful
Post-War Economic Crisis in the UK
Read TextPreview

Extract of sample "Post-War Economic Crisis in the UK"

Download file to see previous pages Its economy observed a grave recession for the future years to come. The Great Depression of 1929-1933 was also the outcome of World War I and the international economic crisis. David Lloyd George of the Liberal Party was the Prime Minister of England during and after WW-I. Personally, George possessed the instinct of a statesman. First nominated in December 1916, he was re-elected in December 1918 elections with an overwhelming majority, and it was the hour of trial for the post-war government to build the confidence of the masses at the eve where everything was to reconstruct from the zero hours with great patience, endurance, and foresight.

The beginning of the twentieth century witnessed the fastest economic growth in world history. Trade and commerce were at their climax, and England, Germany, France, Belgium, and the USA were among the pioneers in respect of rapid economic developments. The escalating British Industry had been depending on its trade and export, which significantly suffered during the war due to German blockade everywhere in the Mediterranean. Forty percent of British merchant fleets had been destroyed by German submarines in the war, making it difficult to export goods. Other countries imposed high tariffs on imports to protect their own industries, but this hurt Britains economy. Britains old and outdated factories, machines, and mines also hurt its industries. 

British economy began to decline right from 1914 partly due to the allocation of resources and concentration at war, and the decline of trade activities as well. The year 1919 brought the happy news of financial reconciliation in England, but it was a mere bubble of water, and the recession continued until the world observed the worst form of economic depression in 1921. Britain's foreign investment got a net loss of 300 million GBP, and the country’s two fifth merchant ships were destroyed during the course of the war.   ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(Post-War Economic Crisis in the UK Assignment Example | Topics and Well Written Essays - 2250 words, n.d.)
Post-War Economic Crisis in the UK Assignment Example | Topics and Well Written Essays - 2250 words. Retrieved from https://studentshare.org/macro-microeconomics/1539929-evaluate-the-response-of-the-lloyd-george-government-to-the-post-war-economic-crisis-in-britain
(Post-War Economic Crisis in the UK Assignment Example | Topics and Well Written Essays - 2250 Words)
Post-War Economic Crisis in the UK Assignment Example | Topics and Well Written Essays - 2250 Words. https://studentshare.org/macro-microeconomics/1539929-evaluate-the-response-of-the-lloyd-george-government-to-the-post-war-economic-crisis-in-britain.
“Post-War Economic Crisis in the UK Assignment Example | Topics and Well Written Essays - 2250 Words”. https://studentshare.org/macro-microeconomics/1539929-evaluate-the-response-of-the-lloyd-george-government-to-the-post-war-economic-crisis-in-britain.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Post-War Economic Crisis in the UK

The Cold War and Post-War Economic Recovery

...? The Cold War and Post-War Economic Recovery The cold was a continuing political and military unrest among the Western powers led by the U.S and its allies and the communists led by the Soviet Union. It continued for about 50 years and during such a huge span of time, it had a great impact on a number of culture aspects all around the globe. Due to the Cold War, international politics changed which resulted in a change in relations among the countries. Foreign policies were changed by many countries during the Cold War era and all these factors had a great influence on the overall global climate. The Cold War resulted in an arms race between these two countries which lasted as long as the Cold War did. It was this era when one after...
4 Pages(1000 words)Research Paper

Economic crisis

... World & UAE: Stock Markets Before & After Financial Crisis "The Chinese use two brush strokes to write the word 'crisis'. One brush stroke stands for danger; the other for opportunity. In a crisis, be aware of the danger-but recognize the opportunity." John F. Kennedy The world was at its peak in every industry, investors continued to invest all their life time savings. People thought that the economic boom will never end, everyone started thinking about the amount they have earned today; thinking about short-terms living life like its about to end. Suddenly, the economies began to decline and the investors were not able to pull out their money from the crashing markets, hence, life only became nice to them for short-term and the long...
12 Pages(3000 words)Essay

Stages of Japanese Post-war Economic Growth

... economic growth in the post-war period is considered to be an example for countries struggling against their economic disasters. It has also been termed as a 'miracle' owing to the spectacular effort demonstrated on the part of a nation that had just suffered from a devastating war, yet that leaped rapidly towards the renowned economic boom. Seldon elaborates this point as, "the miracle was that a country, which had lost a war and lacked raw materials, had attained such a high level of economic growth in such a short period" (273). It is true because in the backlash of the Second World War, the country had experienced desolation not only in economic terms, but also in humanitarian terms. This is what makes the post-war economic recovery...
6 Pages(1500 words)Case Study

The UK economic crisis on businesses

...The effect of UK economic crisis on the recruitment policy of the businesses  Introduction The UK economy was engulfed in a crisis from the middle of2008. This was due to the housing bubble burst earlier in the year. The UK economy followed the same trends of that of the US and the banks offered loans to the individuals without verifying the credentials for the repayment. The housing market was on the rise and the prices of the houses were steep. When the loans came up for repayment most of them defaulted and the banks lost much of the money. The financial institutions like the Northern Rock were the most affected and their share prices came down by 50%. The situation in the capital market was bad. The situation was further worsened...
14 Pages(3500 words)Essay

Economic Situation In Slovenia Post Financial Crisis

...ECONOMIC SITUATION IN SLOVENIA POST FINANCIAL CRISIS Executive Summary Slovenia, a member of OECD experienced a serious decline in its economic growth and unemployment followed by fiscal austerity programs undertaken by its government to recover from the crisis of 2008. Such steps were taken in view of the outstanding debt burden, excessive credit growth and low risk assessment in the economy. This paper highlights the effects of fiscal austerity measures on the Slovenia economy in the context of macroeconomic models of Keynesian Cross and AD-AS and IS LM framework. The estimation of multiplier effect provides the cause of such economic slowdown (fall in output, employment and growth) in Slovenia after the fiscal policies involving a cut...
12 Pages(3000 words)Research Paper

International Economic Growth: Japanese Post-War Economic Miracle

The state, which had lost during the war almost 40 % of its wealth, which has haven’t any raw material sources, was completely cut off the exterior raw market. It has been destroyed about 30 % of basic industry equipment. After numerous bombing, Nagasaki and Hiroshima have been almost purely ruinous. The capital of the country, Tokyo, has stayed in ruin. There has been demobilized about 9 million soldiers, moreover, 1.5 million people have entered the country as refugees. Inflation has reached 5000 %. There has been an overall shortage of goods and materials. There has been a great dearth. The value of the yen to the dollar has been constantly falling down that has evidenced that the financial system of the state has been co...
6 Pages(1500 words)Case Study

Economic Analysis of India

The country’s economy is fast growing with a stable political system that encourages foreign investment although with certain restrictions. The country generally has good energy, transport and communication systems which make the cost of doing business affordably.

The Republic of India found South of Asia is by far the world’s most populous democracy and ranks seventh largest in terms of geographical area (Brown, 1994). India is also the second most highly populated country in the world. The country has a rich culture with four major religions having originally emerged from it; Sikhism, Buddhism, Hinduism, and Jainism. The Indian Republic consists of seven union territories and 28 states and ranks twelfth la...
8 Pages(2000 words)Case Study

Intelligence and the War on Drugs

When the Ronald Reagan Administration initiated its famous War on Drugs program in the 1980s with the catchy slogan “Just Say No”, the focus of the program was not exclusively Mexico. At that time, different pockets of Latin America posed threats of varying degrees, including Columbia and Brazil. But due to its proximity to the United States, and the increase in demand for cocaine and marijuana, Mexico has emerged as the greatest threat in recent decades. Compounding the problem of drug trafficking is the internal political chaos in Mexico. The Mexican governments of past and present have tried various methods and tactics for bringing the drug cartels under control but to no avail. It is a reflection of the governments...
7 Pages(1750 words)Assignment

The Geography of War and Peace

...2) Evaluate Samuel Huntington’s idea of the ‘clash of civilizations,’ and Edward Said’s concept of ‘Orientalism.’ Samuel Huntington in his article onclash of civilizations purports that ‘world politics is entering a new phase’; for him, the source of conflict in the new world is neither primarily ideological nor primarily economic. He believes that new pattern of conflicts of global politics in the new era will be based on the difference in various civilizations among the world nations and that “the clash of civilizations will dominate global politics” (Huntington 159). Huntington argues how the conflict among princes and nations gave way to the conflict of ideologies during and after the world wars. For him, the various civilizations...
10 Pages(2500 words)Assignment

Bernard Madoff : A Scapegoat of the Economic Crisis

Darwin was condemned and treated with contempt by the Church for proposing the theory of evolution that linked all living matter in the earth, including humans. In the case of Bertrand Russell, he was imprisoned as a conscientious objector, for expressing his opposition to British participation in the First World War. These are typical examples of people being wrongfully punished when they were guilty of no crime or fraud or misdoing. It would be highly improper to associate Bernard Madoff with the aforementioned luminaries, for he was truly guilty of carrying out the biggest financial fraud in modern history. At the same time, it would be simplistic to classify him as a victim of the contemporary judicial system. The truth, in fa...
6 Pages(1500 words)Assignment

Economic Models: The Free Market and The State Owned System

The free market concept is mainly a theoretical concept as every country, even capitalist ones place some restrictions on the ownership and exchange of commodities (Free market economy). Therefore, the term free-market economy primarily means a system where the buyers and sellers are solely responsible for the choices they make. It gives the buyers and sellers the power to do business without being afraid of any regulations and intervention by the state. Hence, a free market gives the absolute power to prices to determine the allocation and distribution of goods and services (Free Market Economy). The pricing mechanism is in turn, driven by the forces of demand and supply of goods and services. Demand and supply of...
9 Pages(2250 words)Case Study

Economic Analysis on BMW Cars in the US Car Industry

Mini and the 1-series rapidly grew at a much higher rate through 2008. Since the early days of the new millennium, BMW has been one of the first automakers to utilize flexible factories in which more than one vehicle model could be produced at the same time. This enabled the company to meet shifts in market demand more effectively than BMW’s competitors could. BMW challenges to retain its market position in the international market for luxury cars. Many automakers, such as Hyundai with its Genesis sedan or Nissan's Infiniti brand are increasingly successful in realizing higher margins earned on luxury vehicles. BMW is rated behind luxury brands such as Lexus, Porsche, Mercedes, and Infiniti for these reasons

1. Th...
7 Pages(1750 words)Case Study

UK Employment Policy

Analysts explain that this situation is not simply because citizens don’t want to exercise this fundamental right, but largely because of the continued failure of the governments to institute an effective implementation of employment policies put in place (Howell, 2005). It has clearly been demonstrated by Mathew (2006) that the United Kingdom government has shown a lot of unwillingness in tackling the reported unemployment crisis.

Available research findings reveal that there are high unemployment rates among UK born ethnic minorities which show great diversities. According to a 2001 report, it is shown that unemployment rates amongst UK born men and women from black, Bangladeshi and Pakistani ethnic groups were...
9 Pages(2250 words)Case Study

Contrast of Two Explanations of Social Disorder in Contemporary UK Society

As the process of urbanization takes off and more people start residing in major cities, the fissures start to appear within the apparent harmonious co-existence. There are several reasons why disorderly conduct on part of individuals and groups takes place. Sociologists have proposed numerous theories explaining this phenomenon.

Erving Goffman was an astute observer of society, who immersed himself in the social environment which he was studying. He carefully observed and recorded the ways in which people’s behavior and interpersonal interactions are carried out in everyday life. He notes that “people perform their social roles and, as they do so, they produce social order through their actions and the regu...
6 Pages(1500 words)Article

Globalization and World Economic Forum at Davos 2010

The seven forces of globalization are; Markets, Production, Culture, Labor, Technology, Environment, and Liberalization. Of these factors, the globalization of markets has engaged substantial attention of the firms and academia. Some markets are highly globalized, while some are not. The scale of market globalization is determined by the extent of globalization of customers, customer needs, distribution channels and marketing strategies of the players in the industry (Stonehouse et al, 2004).

The phenomenon of globalization of markets has resulted in both advantages and disadvantages. It has resulted in the convergence in the requirement of features in a product and augmentation of the intensity of B2B and B2C communica...
7 Pages(1750 words)Coursework

The 1846 Invasion into Mexico by the U. S.: The Political and Economic Forces that Brought about the Invasion

Some of the territories led to a war with Mexico from which the United States emerged victorious, expanding its territories and decisively establishing its dominance in North America.

President Andrew Jackson led an example of an administration that set the stage for the way in which James Polk would lead. In 1817, as a still yet military leader, Jackson led the United States into the first of three conflicts with the Seminole Indians from which the acquisition of Florida from Spain would be negotiated and finalized. The situation with Spain was tenuous and should have been dealt with in a diplomatic and cautious manner, but in 1817 President Monroe wrote a letter to General Jackson stating that “Great interests...
8 Pages(2000 words)Article
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Assignment on topic Post-War Economic Crisis in the UK for FREE!

Contact Us