The high unemployment rate in Britain during the interwar period

Abstract

World War I (WWI) causes irreversible consequences on the British economy, and Britain has experienced the most severe economic crisis in the 1920s. This paper aims to explain the causes of unemployment in Britain in the years between the wars and why that problem persisted for much of that period. This paper will describe the causes of unemployment by analyzing how World War I affected the British exports market. Then this essay will move on by exploring how the economic policy of Britain after World War II(WWII) damages the exports market and creates high unemployment. In addition, this paper will also discuss the relationship between the change in the labour market in World War I and the unemployment problem. Finally, this paper will illustrate why the unemployment problem persists by exploring regional and industrial unemployment issues.