1. the devils decade (1930's)
... memories. The Wall Street crash of 1929 America was a major blow to Britain. The economic crisis in America resulted in the recall of war debts from Britain. Taylor talks of the actions of the Prime Minister, "Baldwin, went off to Washington to settle Great Britain's debt Baldwin agreed to an unconditional settlement on harsh terms." Britain as a country suffered economically because ... of this. There was no longer as much of a demand for the staple industries (coal, cotton etc.). Therefore the export of British goods was drastically reduced. This in itself did not cause the depression...
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- Approx Pages: 7
- Grade Level: High School