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1930s-effects of unemployment - Coggle Diagram
1930s-effects of unemployment
background
Wall Street crash led to high unemployment and widespread poverty
unemployment reached a historic high- over 20% unemployment
unemployment benefit was cut by 10% in 1931 and the means test was introduced
poverty
falling living conditions resulted in poor diet- decline in populations health
houses mainly owned by private landlords- conditions poor, rent high and overcrowding common
rents frequently not met
due to over 20% unemployment, many could not afford the landlords rent so lived in slums
due to an element of fees, working class children could not access education
the class system that existed meant there was very little social mobility
gov.t
government slum clearance plans to provide better housing for working class shelved due to economic conditions being poor
Keynesianism - putting money into the economy to get money out- gov.t should borrow money and spend it to kick start the economy.
with high unemployment, the treasury faced a situation where tax revenue was reduced
government spending on welfare was reduced which reduced disposable income which int turn restricted demand which added to unemployment- continued circle
protests
high unemployment led to political unrest - riots and protests by unemployed were not uncommon
jarrow hunger march, October 1936- 200 men marched 300 miles to London to present a petition to parliament asking for work in a town where male unemployment was 70%
prince street hunger march -500 men