Title: Great Depression in the United Kingdom - Wikipedia
Headings: Great Depression in the United Kingdom
Great Depression in the United Kingdom
Contents
Background
Gold standard
Economic crisis and the Labour minority government
National Government
Emergency measures
During the recession
The South and the Midlands
In the North and industrial heartlands
Welfare state during the 1930s
Slow recovery
Rearmament and recovery
Consequences of the Great Depression
Historic evaluation
See also
References
Notes
Further reading
Primary sources
External links

Content: as it turned out, beyond recovery. The political deadlock that resulted caused investors to take fright, and a flight of capital and gold further de-stabilised the economy. In response, MacDonald, on the urging of King George V, decided to form a "National Government" with the Conservatives and the Liberals. On 24 August, MacDonald submitted the resignation of his ministers and led his senior colleagues in forming the new National Government. MacDonald and his supporters were expelled from the Labour Party and adopted the label " National Labour ". The Labour Party and some Liberals, led by David Lloyd George, went into opposition. The Labour Party denounced MacDonald as a "traitor" and a "rat" for what they saw as his betrayal. Soon after this, a general election was called. The 1931 general election resulted in a Conservative landslide victory, with the now leaderless Labour Party winning only 46 seats in Parliament. After the 1931 election the national government was Conservative-dominated, although MacDonald continued as prime minister until 1935.