Can we conquer unemployment? The Liberal party, public works and the 1931 political crisis
D avid L loyd G eorge's 1929 pledge to ‘conquer unemployment’ through loan‐financed public works was a landmark in the development of K eynesianism as a policy option in B ritain, yet just two years later the L iberal party which L loyd G eorge had led would play a central role in the formation...
| Veröffentlicht in: | Historical research. - Oxford : Oxford University Press, 1987. - 88(2015), 239, Seite 161-184 |
|---|---|
| 1. Verfasser: | |
| Format: | Aufsatz |
| Sprache: | English |
| Veröffentlicht: |
2015
|
| Zugriff auf das übergeordnete Werk: | Historical research |
| Schlagworte: | European history Public works Unemployment Political parties Economic crisis |
| Zusammenfassung: | D avid L loyd G eorge's 1929 pledge to ‘conquer unemployment’ through loan‐financed public works was a landmark in the development of K eynesianism as a policy option in B ritain, yet just two years later the L iberal party which L loyd G eorge had led would play a central role in the formation of the highly orthodox N ational G overnment. This article uses archival and published sources to explain the shift in L iberal thinking, and argues that the party's early interest in reflationary policies was not so much insincere as under‐theorized. L iberal confidence in the value of public works was consequently eroded after 1929 by rising unemployment and the onset of financial crisis. |
|---|---|
| ISSN: | 0950-3471 |
| DOI: | 10.1111/1468-2281.12064 |