Thursday, April 4, 2013

The level and types of unemployment that existed in the UK in the post war decades. How successive UK governments adopted economic policies to reduce unemployment.

Higher National CertificateBusiness & FinanceModule: Economic Environment1849 wordsC O N T E N T SPage 1ContentsPage 21.0 Causes of UnemploymentPage 42.0 Types of UnemploymentPage 63.0 Economic Tar disembowels of the GovernmentPage 84.0 Classical and Keynesian EconomicsPage 95.0 Conflict of ObjectivesPage 106.0 Supply Side PoliciesPage 11BibliographyInvestigate the level and types of unemployment that existed in the UK in the note warfare decades. Explain how successive UK governments adopted economic policies to reduce unemployment, and why the resulting conflict of objectives helped to pave the way to a shift towards ?supply side ?policies.

Unemployment is usually defined by economists as: those who want a job, but who are not currently employed. During the post war eras in the UK many types of unemployment existed.

1.0Causes of UnemploymentBetween the years of 1921 ? 1939 there was mass unemployment in the UK particularly around 1932 in the year of the great depression when 23% of the population was unemployed. laterwards the 2nd world war many believed the problem was solved.

During the war many women had been employed in arms and ammunitions factories which were no durable needed after the war and many industrial factories had been destroy, mate with everyone returning from war led to the high levels of unemployment remaining in the UK.

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Throughout Europe there was widespread destruction after Word War II many buildings including homes and places of work had been destroyed by bombings.

The British economy was in a read of devastation. Huge amounts of money had been spent on the war and post war huge sums of money had to be spent build the country. At this time there was no European coalition to help.

Recovery took place in the 50?s and 60?s when many were employed in secondary industries unemployment figures neer rose above 600,000. However in the...

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