How successful were the national governments in bringing economic recovery in Britain in the years 1931-1939?

The National Governments experienced moderate success in bringing about economic recovery in the years 1931-1939. It would be inaccurate to say that the policies of the governments were the only contributing factor as they alone were not sufficient enough to tackle the harsh economic climate, but for the most part the National Governments were responsible for a moderately successful economic recovery.

The National Governments put in place several significant policies that were successful in bringing about economic recovery in Britain. In 1932 the decision was made to lower the bank rate to 2% which was beneficial to the recovery for various reasons including that the lowered rates resulted in what people referred to as ‘cheap money’, an idea which enveloped th...

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