The Battle of Cable Street, 1936 Describe Britain's economic situation between 1929-1936

... The Battle of Cable Street, 1936 Q1. Describe Britain's economic situation between 1929-1936 (15) Britain's economic situation before 1929 had already slumped. After World War One, demand for goods ended, as when other countries weren't able to buy goods from Britain, they started up their own factories. By 1921 unemployment had gone up from 2.6% in 1920 to 18%. British industry, mainly coal mining, shipbuilding and steel were in active decline and faced heavy competition from industrializing nations abroad. One of the reasons for this was the policy of free trade. This policy allowed foreign goods to enter Britain without any taxes or charges so foreign goods were cheaper to buy in Britain then actual British goods. Other countries such as the USA tried to prevent foreign competition by having the policy of protection, which allowed them to charge taxes on imported products making them more expensive. Britain's share of

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