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Words: | Submitted: Fri Nov 12 2004
... expected too soon which meant that the disappointment was harder to bare when the government could not deliver what was needed. The main problem the coalition government had was the Economy, during the war Britain had run up huge debts to the USA, it didn't help that Britain was owed debts by other countries that failed to pay. During the war 745,000 Britons had been killed and an influenza epidemic killed another 150,000 people. The war had produced over investment in staples industries such as iron, steel and shipbuilding which were no longer needed in huge quantities after the war. There was a small boom at the end of the war, with spiraling inflation, but interest rates were then raised with gave way to economic depression. In late 1920 unemployment rose to 700,000 and by June 1921 it stood at 2million. Due to a weak economy people said that ...
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