"The Slump" - The Great Depression in the United Kingdom

Run on New York's American Union Bank.

From 1930 to 1939 and forward, the United Kingdom, as did most of the world,  faced economic downfall and affected every class in some way. It began when the stock market on Wall Street in New York crashed. Although this depression began in the United States, it was not long until it took over Europe and the rest of the world. The crash subsequently created a domino effect of events; decreased consumerism, low demand for exports out of Europe, and an incredibly high unemployment rate. This time was extremely challenging and terrifying and no one knew what to do next and how to get out of the global panic that took over most of the world. Unemployment rates had increased by 150% while the number of exports had fallen by 50%. From the time of the Great Depression to when this photo of the pub was taken, the world was being rebuilt both from the Depression and then the effects of the Second World War. It was a time of hard work, but also of hope and finally being able to see a chance at a better future.

 

Brain, Jessica. The Great Depression. Historic UK.

      https://www.historic-uk.com/HistoryUK/HistoryofBritain/Great-Depression/

      Accessed 29 Mar. 2022. 

Associated Place(s)

Event date:

1930 to 1939