Dec 21, 2009
For most countries the Great Depression began following the New York stock market crash of 1929. In Great Britain, the Depression merely worsened an already depressed economy that had been hard hit by the consequences of World War I. Between mid-1922 and 1929, the British economy had lurched from one crisis to another, with almost one-fifth of the adult male working force being on welfare (the dole) by 1929. Following the American stock market crash, the situation worsened, especially in northern England, the heart of British heavy industrial strength,...
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