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858250
Economic policies of the National Government
Descrição
A Levels History Mapa Mental sobre Economic policies of the National Government, criado por harlequins em 11-05-2014.
Sem etiquetas
history
britain
national
government
economic
policies
1929-1940
history
a levels
Mapa Mental por
harlequins
, atualizado more than 1 year ago
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Criado por
harlequins
mais de 10 anos atrás
55
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0
Resumo de Recurso
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
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
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
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
Industrial policy
Special Areas Act 1934
provided government aid to the most depressed areas
Cotton Industry Act 1936
closed down non-profitable mills
reduce surplus capacity in the industry
British Shipping Act 1934
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'
set up marketing boards for milk, bacon and potatoes, providing guaranteed prices for farmers
provided government subsidies for livestock farmers and sugar beet growers
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