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Great Depression in the United Kingdom/Timelines

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A timeline (or several) relating to Great Depression in the United Kingdom.

1919

Coalition Government Prime Minister David Lloyd George [1]
Bank of England raises discount rate from 5% to 6%

1920

Post-war recession [2].
Montagu Norman becomes Governor of the Bank of England
Bank of England raises its discount rate to 7%

1922

April
Economic and Monetary Conference recommends return to the gold standard [3].
October
General Election: Conservative 344 seats, Labour 142 seats, Liberal 62 seats.
Conservative Government. Bonar Law Prime Minister

1923

May
Conservative Government. Prime Minister and Chancellor of the Exchequer Stanley Baldwin [4].
December
General Election: Conservative 258 seats, Labour 191 seats, Liberal 158 seats.

1924

January
Labour Government. Prime Minister Ramsay McDonald [5]. Chancellor of the Exchequer Philip Snowden [6].
October
General Election: Conservative 412 seats, Labour 151 seats, Liberal 40 seats.
Conservative Government. Prime Minister Stanley Baldwin. Chancellor of the Exchequer Winston Churchill.

1925

The UK rejoins the gold standard.
Bank of England increases the bank rate from 4% to 5%

1927

Bank of England bring bank rate down t o 4.5%.

1929

Bank of England raises the bank rate from 4.5% to 5.5% - and briefly to 6%.
May
General Election: Conservative 260 seats, Labour 287 seats, Liberal 59 seats.
Minority Labour Government. Prime Minister Ramsay McDonald. Chancellor of the Exchequer Philip Snowden
October
Wall Street crash.

1930

Bank of England reduces the bank rate from 5% to 3%.
January
Economic Advisory Council - holds 13 meetings without reaching agreement.
May
Mosely Memorandum - rejected.

1931

May
Collapse of Kreditanstalt bank in Austria sparks a run on banks
July
Report of the Macmillan Committee on Finance and Industry - draws attention to the large volume of London's short-term liabilities.
May Report - forecasts a large budget deficit and recommends a £96m cut in public spending by public sector salary reductions and in Unemployment Benefit.
Run on the pound and heavy withdrawals from the Bank of England's gold reserves[7].
August
Bank of England announces that a credit of £50m. has been arranged with the Bank of France and the Federal Reserve Bank of New York
Cabinet disagreement over Philip Snowden's proposed 10% cut in unemployment benefit.
The Cabinet dissolves and Ramsay MacDonald sets up coalition with the Conservatives.
National Government. Prime Minister Ramsay McDonald. Chancellor of the Exchequer Philip Snowden.
Bank of England increases the bank rate from 3% to 6% and sterilises gold outflows.
September
Cabinet agrees 10% cut in unemployment benefit.
The UK leaves the gold standard
October
General Election: Conservative 470 seats, Labour 32 seats, Liberal 35 seats.
November
£ exchange rate falls to $3.40.
"National " Government Prime Minister Ramsay McDonald, Chancellor Neville Chamberlain

1932

The Exchange Equalisation Account created.
Bank of England reduces the bank rate from 6% to 2%.
General tariff of 10% on imports.

1933

World Economic Conference: US vetoes international currency stabilisation [8].

1935

National Government Prime Minister. Stanley Baldwin, Chancellor of the Exchequer Neville Chamberlain.