The More Significant Feature of Britain's Inter-War Economy Essay

The More Significant Feature of Britain's Inter-War Economy Essay

Length: 1536 words (4.4 double-spaced pages)

Rating: Powerful Essays

Open Document

Essay Preview

The More Significant Feature of Britain's Inter-War Economy

During the inter-war period Britain's economy was not performing well.
As the First World War had cost Britain millions of pounds, not to
mention millions of lives, the potential debt was crippling. Yet did
this hinder Britain's economic growth so that it could not return to
its pre-war level? You could argue that Britain's economy was.
However, masked behind a series of setbacks outside the government's
control, the statistics told a story of decline.

1918 saw the defeat of the Kaiser's Germany and the Austro-Hungarian
Empire. However, it also saw Britain facing bills of millions of
pounds. The reparations awarded to Britain payable by Germanyhelped
ease the pressure on British accountants but restoring the economy to
its pre-war state looked impossible. Adding to the government's misery
was the dilemma of what to do with the returning soldiers, with mass
unemployment already, and women less than willing to give up their
jobs. The government needed to find them jobs to get the country
moving otherwise their benefits would be a drain on an already fragile

After winning his first election in 1918, David Lloyd George did not
need to do much to endear himself to the voting public, yet he
embarked on a series of social reforms which would eventually lay the
foundations for the welfare state. This included his 'homes fit for
heroes' pledge, which would ensure comfortable housing for the
returning war heroes and their families. Following the famous
economist Keynes' guidelines of deficit spending, Lloyd George
implemented his ideas in hope of kick-starting the econ...

... middle of paper ...

...den the working class gap. The new Welfare
State meant that more and more people were able to seek employment.
Rising employment meant that a higher percentage of the work force was
being employed, but as the work force was always expanding the actual
figures for employment remained roughly the same.

With the after-effects of the First World War still affecting the
economy it was always going to be hard to maintain a sustained period
of growth. The first four years after the war looked promising with
the post war boom, but that was short lived. Increased overseas
competition and two decades of mass unemployment meant that while some
growth did occur, the effects of WWI were deep rooted. It would take a
lot more for this period to be considered a period of total growth,
and shake off the legacy of the First World War.

Need Writing Help?

Get feedback on grammar, clarity, concision and logic instantly.

Check your paper »

Essay about United States' Isolationist Policy During the Inter-War Years

- United States' Isolationist Policy During the Inter-War Years After the First World War many people in the United States wanted to turn their backs on European and other world affairs. This has been a policy of isolationism. If this term is used to mean having nothing to do with the outside world, then the USA was clearly not isolationist as it was involved in a number of important international issues. The term can more accurately be used, however, to mean refusing to become involved in international disputes and conflicts....   [tags: Papers]

Powerful Essays
497 words (1.4 pages)

The Effects of The Blitz on Everyday Life in Britain Essay

- The Effects of The Blitz on Everyday Life in Britain When Adolf Hitler ordered the Luftwaffe to concentrate its bombing efforts on the major cities of Britain in the summer of 1940, in an effort to destroy British moral, the people of Britain were subjected to an almost nightly ordeal of high explosives and incendiary bombs. There are many heroic stories about the Blitz- of exceptional bravery, a product of the so called 'Blitz Spirit'- but what was it like for the ordinary citizens of Britain and their endurance of the daily ordeal of saturation bombing....   [tags: Papers]

Powerful Essays
721 words (2.1 pages)

Essay on Despair and Fear during the Battle of Britain

- Was high and strong British morale during the Battle of Britain an historical reality. This investigation determines how the British people were affected by the Luftwaffe’s attacks on their cities and the British Royal Air Force. In order to disprove or prove the idea that the British morale was high and strong, the investigation will evaluate their reactions, individual’s quotes, songs, and a newspaper article. One source, “World War II Blackout Regulations”, is a newspaper article outlining the rules in the case of a Blackout and the description of the Blackout by a citizen who experienced it....   [tags: History of Britain]

Powerful Essays
1503 words (4.3 pages)

The Inter-War Years (1919-1938) Essay

- After World War I, Woodrow Wilson, the president of the United States of America, created fourteen points in order to develop peace throughout the European nations. The first five points stated general peace clauses between the warring countries. He put forth the five points to ensure a tranquil environment in which the European countries can function without trouble. The last point also dealt with sense of a peace intention. It asked for a general association of the European countries to confirm national integrity (Wilson’s Fourteen Points 1)....   [tags: After World War I]

Powerful Essays
2091 words (6 pages)

The Growth of Democracy in Britain after 1860 Essay

- For the to have been a growth in democracy in Britain after 1860 due to social and economic change several factors would have had to of been involved, such as changing attitudes towards the working class, industrial revolution, the effects of WW1 and the effects if the media, press and writers. Political changes could also have played a part in the growth of democracy due to different political advantages and the changing political ideas. By 1869, changes in social classes were becoming more obvious....   [tags: Democracy, Britain, history,]

Powerful Essays
879 words (2.5 pages)

Britain the Imperialistic Power Essay

- One of the most prolific imperialistic powers was Great Britain. The British Empire stretched across the globe. There were British colonies in Africa, India, China, and the Americas. “The sun never sets on the British empire”, is a well-known quote that illustrates the stretch of the vast empire. This paper will analyze the positives, negatives and the overall influence of the imperialistic empire. Influenced by the Industrial Revolution, imperialism enabled countries such as India access to advanced technology and innovation, which in turn made is possible for them to become major players in trade....   [tags: great britain, colonies, industrial revolution]

Powerful Essays
1150 words (3.3 pages)

Most Important Changes Ushered in by The Industrial Revolution in Britain

- Most Important Changes Ushered in by The Industrial Revolution in Britain The industrial revolution saw many changes to Britain from work to transport. A very important change was the development of the railway system. The railway system changed the face of Britain forever. The development of the railways meant that Britain could become a superpower. The railways changed Britain in many ways from social to economic. An economic change that occurred during the creation of railways was a new level of trade....   [tags: History, Britain, Industrial Revolution]

Powerful Essays
845 words (2.4 pages)

Essay on Reason for Going to War Against Great Britain.

- “The [ American ] Revolution...was in the minds and hearts of the people. This radical change in the principles, opinions, sentiments and affections...was the real American Revolution”- John Adams,1818. This quote symbolizes the reasons, and importance for the Colonists wanting freedom.Great Britain had left the Colonists to govern themselves till the 1760s.The Colonists developed different lifestyles than Britain. They had different perceptions of how a government should rule their citizens. They did not want to be controlled at Britain's behest....   [tags: great britain, colonists, british]

Powerful Essays
648 words (1.9 pages)

The First World War and Women's Suffrage in Britain Essay

- Outline A. Plan of Investigation B. Summary of Evidence C. Evaluation of Sources D. Analysis Works Cited A. Plan of Investigation The 19th century was an important phase for feminism in Britain. The suffrage movement began as a struggle to achieve equal rights for women in 1872. Women then became active in their quest for political recognition, which they finally obtained in 1928. This investigation assesses the question: To what extent did the First World War lead to the accomplishment of the women’s suffrage movement of Britain in 1928....   [tags: Women's Rights in Britain]

Powerful Essays
1755 words (5 pages)

Essay about The Political Structure of More’s Utopia

- Over the past few centuries the word "utopia" has developed a variety of meanings: a perfect state, paradise, heaven on earth, but the original definition of the word means something quite different. "Utopia", coined by Saint Thomas More in his famous work Utopia, written during the English Renaissance, literally means "nowhere". It is ironic that a word meaning nowhere has become a catchall phrase for paradise. More’s work is popular because of its wit, its use of metaphor, and its proposals for the perfect state....   [tags: Thomas More Utopia]

Powerful Essays
2630 words (7.5 pages)