Studied by 0 peopleWhat were the main causes of the Depression?
How much had the country spent on WW1?
£8.7 bllion
What was the level of National Debt following WW1?
50%
Money for the war effort had led to cuts in money for what projects?
Social projects
How many new homes were needed by 1920?
£600,000
What slogan had David Lloyd-George campaigned using in 1918?
‘A land fit for heroes’
Having won the war, what did Lloyd-George also state he wanted to win?
‘Win the peace’
Name the committee set up to advise Lloyd George on cutbacks in expenditure.
Geddes Committee
The committee advised cutbacks in education, health and welfare. What did the cuts become known as?
The Geddes Axe
How were these cutbacks in expenditure viewed?
Deeply unpopular
What were Britain’s main traditional industries?
Coal, Iron & Steel, Shipbuilding, Textiles
What happened to the demand for British industrial goods following WW1?
Declined
From which countries was there increased competition for goods?
USA, Germany, Japan, India
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