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The Great Depression of 1929–32 broke out at a time when the United Kingdom was still far from having recovered from the effects of the First World War. Economist Lee Ohanian showed that economic output fell by 25% between 1918 and 1921 and did not recover until the end of the Great Depression, [3] arguing that the United Kingdom suffered a twenty-year great depression beginning in 1918.
The term "The Great Depression" is most frequently attributed to British economist Lionel Robbins, whose 1934 book The Great Depression is credited with formalizing the phrase, [230] though Hoover is widely credited with popularizing the term, [230] [231] informally referring to the downturn as a depression, with such uses as "Economic ...
The Royal Commission on the Depressed Condition of the Agricultural Interests was appointed by William Ewart Gladstone's Liberal government in 1894 to inquire into the depression in British agriculture. It was chaired by George Shaw-Lefevre and sat until 1897. The commission unanimously agreed that the cause of the depression was a fall in prices.
Roosevelt's rejection of the agreement gathered an overwhelmingly-negative response from British, French, and US internationalists. British Prime Minister Ramsay MacDonald feared that "Roosevelt's actions would destroy the Conference" and Georges Bonnet, rapporteur of the French Monetary Commission, is said to have "exploded."
The British Empire Economic Conference (also known as the Imperial Economic Conference or Ottawa Conference) was a 1932 conference of British colonies and dominions held to discuss the Great Depression. It was held between 21 July and 20 August in Ottawa.
A map of British India in 1909. The Great Depression in India was a period of economic depression in the Indian subcontinent, then under British colonial rule.Beginning in 1929 in the United States, the Great Depression soon began to spread to countries around the globe.
During the Depression, a piece of cardboard or a new rubber sole may have extended the wear of a pricey pair, and clothes were certainly mended and patched long before they were ever thrown out.
This is a list of recessions (and depressions) that have affected the economy of the United Kingdom and its predecessor states. In the United Kingdom a recession is generally defined as two successive quarters of negative economic growth, as measured by the seasonally adjusted quarter-on-quarter figures for real GDP. Name Dates Duration Real GDP reduction Causes Other data Great Slump c. 1430 ...