Great Depression in the United Kingdom/Timelines: Difference between revisions

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1919
1919
: Coalition Government Prime Minister David Lloyd George
November
: (November) Bank of England raises discount rate from 5% to 6%
:: 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].
: Montagu Norman becomes Governor of the Bank of England
: Montagu Norman becomes Governor of the Bank of England
: (April) Bank of England raises its discount rate to 7%
: April
:Post-war recession [http://www.econ.berkeley.edu/~eichengr/research/floudjohnsonchaptersep16-03.pdf].
:: 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].
: 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) Conservative Government. Bonar Law Prime Minister
:October
:: Conservative Government. Bonar Law Prime Minister
1923
1923
: (May) Conservative Government. Prime Minister and Chancellor of the Exchequer Ramsay McDonald.  
: May
:: Conservative Government. Prime Minister and Chancellor of the Exchequer Ramsay McDonald.  
1924
1924
:  (January) Labour Government. Prime Minister Ramsay McDonald. Chancellor of the Exchequer Phillip Snowden.  
:  (January) Labour Government. Prime Minister Ramsay McDonald. Chancellor of the Exchequer Phillip Snowden.  
Line 19: Line 24:
: Britain rejoins the gold standard.
: Britain rejoins the gold standard.
1929
1929
(June) Labour Government Prime Minister  Ramsay McDonald. Chancellor of the Exchequer Phillip Snowden
:June
:Bank of England raises the bank rate from 4.5% to 5.5%
:: General Election: Labour 288 seats, Conservative 206  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
1930
:January  
:January  
::Economic Advisory Council - holds 13 meetings without reaching agreement.
:: Economic Advisory Council - holds 13 meetings without reaching agreement.
:May
:May
::Mosely Memorandum
::Mosely Memorandum - rejected.
1931
1931
:May
:May
::Collapse of  Kreditanstalt bank in Austria sparks a run on banks
:: Collapse of  Kreditanstalt bank in Austria sparks a run on banks
:July
:July
:: May Report - recommends a £96m cut in public spending y by public sector salary reductions and in Unemployment Benefit.
:: 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.
:: Run on the pound and heavy withdrawals from the Bank of England's gold reserves[http://www.nber.org/papers/w6563]..
:August
:August
:: Cabinet disagreement over Phillip Snowden's proposed 10% cut in unemployment benefit.
:: Cabinet disagreement over Phillip Snowden's proposed 10% cut in unemployment benefit.
Line 40: Line 49:
:: Britain leaves the gold standard
:: Britain leaves the gold standard
:November
:November
:: "National " Government Chancellor Neville Chamberlin
:: "National " Government Prime Minister Ramsay McDonald,  Chancellor Neville Chamberlin
: Sterling (£) Crisis [http://www.nber.org/papers/w6563].
: Britain leaves the gold standard
1932
1932
: General tariff of 10% on imports
: General tariff of 10% on imports
Line 48: Line 55:
: 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
:(June) National Government Prime Minister Stanley Baldwin  Chancellor of the Exchequer Neville Chamberlin.
:June
:: National Government Prime Minister. Stanley Baldwin, Chancellor of the Exchequer Neville Chamberlin.

Revision as of 05:11, 2 March 2009

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https://en.citizendium.org/wiki/index.php?title=Great_Depression_in_the_United_Kingdom/Timelines&printable=yes
A timeline (or several) relating to Great Depression in the United Kingdom.

1919 November

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
April
Bank of England raises its discount rate to 7%

1922

Economic and Monetary Conference recommends return to the gold standard [2].
October
Conservative Government. Bonar Law Prime Minister

1923

May
Conservative Government. Prime Minister and Chancellor of the Exchequer Ramsay McDonald.

1924

(January) Labour Government. Prime Minister Ramsay McDonald. Chancellor of the Exchequer Phillip Snowden.
(November} Conservative Government. Prime Minister Stanley Baldwin. Chancellor of the Exchequer Winston Churchill.

1925

Britain rejoins the gold standard.

1929

June
General Election: Labour 288 seats, Conservative 206 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
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

June
National Government Prime Minister. Stanley Baldwin, Chancellor of the Exchequer Neville Chamberlin.
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