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Interwar unemployment and poverty in the United Kingdom
Interwar unemployment and poverty in the United Kingdom describes a period of poverty in the United Kingdom between the end of World War I in 1918 and the start of World War II in 1939. Unemployment was the dominant issue of British society during the interwar years Unemployment levels rarely dipped below 1 million and reached a peak of 3,000,000 in 1933, a figure which represented 20% of the working population.〔 The Government deployed unemployment insurance schemes in 1920 to alleviate unemployment.
==Causes==
There were several reasons for the decline in industry after the First World War. The end of World War I brought a postwar boom. In the Shipping industry businesses expanded rapidly in order to take advantage in the increase in business. However the boom was short lived and this rapid expansion caused a slump from oversupply. Structural weaknesses in the British economy meant a disproportionate number of jobs were in the traditional industries. A lack of pre-war technological developments and post war competition damaged the economy and the new industries which emerged employed fewer people. At the same time Britain began to lose her overseas markets due to strong foreign competition. Some have argued than an overly generous unemployment insurance system worsened the state of the economy.〔Daniel K. Benjamin & Levis A. Kochin, "Searching for an Explanation for Unemployment in Interwar Britain", ''Journal of Political Economy'' 87 (1979), pp. 441-478.〕 The Wall Street Crash in 1929 was responsible for a world wide downturn in trade and led to the Great Depression.
抄文引用元・出典: フリー百科事典『 ウィキペディア（Wikipedia）』
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