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

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1919
1919
November
:November
:: Coalition Government Prime Minister David Lloyd George
:: Coalition Government Prime Minister David Lloyd George
:: Bank of England raises discount rate from 5% to 6%
:: 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].
: 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
: April

Revision as of 05:13, 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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