Great Depression in the United Kingdom/Timelines

1919

Coalition Government Prime Minister David Lloyd George

(November) Bank of England raises discount rate from 5% to 6%

1920

Montagu Norman becomes Governor of the Bank of England

(April) Bank of England raises its discount rate to 7%

Post-war recession [1].

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) 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%

1931 (August) National Government. Prime Minister Ramsay McDonald. Chancellor of the Exchequer Phillip Snowden (November) Chancellor Neville Chamberlin

Sterling (£) Crisis [3].

Britain leaves the gold standard

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.