Question

In which way did great Britain’s leaders try to recover from the Great Depression

Answer 1

Answer:     By lowering interest rates to help business.

Explanation:  The Great Depression in Britain was the result of the Great Depression that began in America in 1929, and it spread to the whole world. During the Depression in Britain, there was a decline in trade, a drop in the production of heavy industry, and also unemployment rose. One of the main items for alleviating depression and recovery was the reduction of interest rates for stimulating business, reducing public spending, reducing wages by 10%, increasing income taxes, introducing tariffs on agricultural and industrial imports. Not all recovery measures have proven to be good, for example, wage cuts have led to nonviolent riots and protests.

Answer 2

By lowering interest rates to help business.