effects of the Great Economic Depression on British industries
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The effects on the industrial areas of Britain were immediate and devastating, as demand for British products collapsed. By the end of 1930, unemployment had more than doubled from 1 million to 2.5 million (from 12% to 20% of the insured workforce), and exports had fallen in value by 50%.
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The effects on the industrial areas of Britain were immediate and devastating, as demand for British products collapsed. By the end of 1930, unemployment had more than doubled from 1 million to 2.5 million (from 12% to 20% of the insured workforce), and exports had fallen in value by 50%.
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