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umka21 [38]
3 years ago
15

How did Britain respond to great depression

History
1 answer:
Ivanshal [37]3 years ago
6 0
The British economy was already weak after WW1, so when the US stock market crashed, taxes were put on foreign imports. The value of British exports were halved, and many areas went into poverty (unemployment more than doubled) so Britain devalued their pound in 1931, which made goods cheaper and improved their economy.
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