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What Where Causes And Consequences Of The General Strike In 1926?
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What Where Causes And Consequences Of The General Strike In 1926? For a brief period after the First World War, Britain faced an economic boom. Workers were in a strong position and businesses were optimistic, believing that world demand for British goods would increase and trading would return to the success it had prior to the war. However, in 1920, Britain experienced their worst economic slump in history. This was caused by a poor performance in foreign markets due to the lack of reinvestment, modernisation in British industry and increased competition abroad, especially from the USA and Germany. In response to this slump, the Government tried to stabilise the British economy by reintroducing the Gold Standar. Unfortunately they overestimated the value of currency by 10%, increasing the problems of an already unstable British industry. The British mining industry suffered an economic crisis in 1925. This was largely caused by the fall in...
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