• DOI:10.1177/002200946900400401
• Corpus ID: 162292590

The Economic Significance of the Depression in Britain

@article{Richardson1969TheES,
  title={The Economic Significance of the Depression in Britain},
  author={Harry Ward Richardson},
  journal={Journal of Contemporary History},
  year={1969},
  volume={4},
  pages={19 - 3}
}

• H. Richardson
• Published 1 October 1969
• Economics, History
• Journal of Contemporary History

The depression in Britain between I929 and I932 was not an economic watershed. The main economic trends of the UK economy in the I930s did not move in a direction different from the previous decade, though in some respects the pace of readjustment quickened. Some of the economic policies adopted after the depression were dissimilar to those followed in the I920s, but these changes were not the direct consequence of the depression. In the United States, in Germany, and in certain primary producing countries, the onset of the world depression had a shattering impact, and its consequences may have governed the course of events throughout the I930S. Britain did not escape unaffected, but the downswing was moderatel and its effects soon obliterated.