Economic problems in the 1920s

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Unemployment Return to the gold standard Inflation

Storyboard Text

  • Unemployment
  • There are no jobs
  • We want jobs!
  • The return to gold standard
  • DAILY NEWS!
  • We're returning to the gold standard £££
  • Inflation
  • Bread £1.00
  • There has been a general increase in prices and fall in the purchasing value of money.
  • Bread £1.20
  • Lack of demand. Due to contractionary fiscal and monetary policy, there was insufficient demand in the UK economy, leading to stagnant economic growth. Evidently, the rise of unemployment.
  • the value of a currency is defined in terms of gold, for which the currency could be exchanged.the economy experienced a decade of deflation and stagnant growth.
  • After inflation of the First World War, the UK experienced deflation (falling prices) during the 1920s and early part of 1930s. This deflation was due to tight monetary and fiscal policy and an overvalued exchange rate (Gold Standard).
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