858250
Description
Mind Map by harlequins, updated more than 1 year ago
|
Created by harlequins
over 10 years ago
|
|
Economic policies of the
National Government
- Financial policy
- aimed to balance the
budget and limit government
spending to match
government income
- Made a 10% cut in
unemployment benefit and
introduced a 'means test'
- Means test
- introduced in 1931
- the unemployed who
had exhauseted their
insurance benefits
could apply for the
dole
- the means test
took into account
the income of other
family members
- the means test
took into account
the income of other
family members
- introduced in 1931
- Means test
- implemented
cuts in wages
of public
employees
- aimed to keep
the values of the
pound stable by
intervening in
currency markets
- lowered interest rates
to 2% in 1932
- made cheap money avaliable to borrowers
- made cheap money avaliable to borrowers
- aimed to balance the
budget and limit government
spending to match
government income
- Trade policy
- set up 'sterling area',
using the pound
instead of gold to
settle trading accounts
- import duties act 1932
- imposed tariffs to protect
british industry and agriculture
with exemptions for empire
countries
- imposed tariffs to protect
british industry and agriculture
with exemptions for empire
countries
- agreed a form of
imperial tariff
system at Ottawa
Conference 1932
- made trade treaties with various countries,
allowing a quota for their imports into britain
for a similar quota for british exports
- set up 'sterling area',
using the pound
instead of gold to
settle trading accounts
- Industrial policy
- Special Areas Act 1934
- provided
government aid to
the most
depressed areas
- provided
government aid to
the most
depressed areas
- Cotton Industry Act 1936
- closed down
non-profitable mills
- reduce surplus
capacity in the
industry
- closed down
non-profitable mills
- British Shipping Act 1934
- provided loans to scrap older
ships and build new ones
- provided loans to scrap older
ships and build new ones
- North Atlantic Shipping Act 1934
- provided loans to
help build the atlantic
liner 'Queen Mary'
- provided loans to
help build the atlantic
liner 'Queen Mary'
- set up marketing boards for milk,
bacon and potatoes, providing
guaranteed prices for farmers
- provided government subsidies for
livestock farmers and sugar beet
growers
- Special Areas Act 1934
Want to create your own Mind Maps for free with GoConqr? Learn more.