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Old 02-09-2009, 09:01 PM   #1
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The spectre of the 1930's, Jarrow....and 'anticipations over 2008-2013'

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Britain is facing its worst financial crisis for more than a century, surpassing even the Great Depression of the 1930s, one of Gordon Brown's most senior ministers and confidants has admitted.

In an extraordinary admission about the severity of the economic downturn, Ed Balls even predicted that its effects would still be felt 15 years from now. The Schools Secretary's comments carry added weight because he is a former chief economic adviser to the Treasury and regarded as one of the Prime Ministers's closest allies.
Quote:
*Great Depression, 1930s

The "Hungry Thirties" were rough on many, at a time when welfare systems were rudimentary. The worst period was from the Wall Street Crash of 1929 to about 1932, but in places such as Jarrow, the unemployment rate hardly dipped below 50 per cent until the economy was mobilised in 1940. However, for many in the south and for the middle classes, the times were relatively prosperous.
'This is the worst recession for over 100 years' - UK Politics, UK - The Independent


Quote:
Britain in the 1930s was suffering from the world-wide depression, and its areas of heavy industry, such as Jarrow, were hit hardest.

During these years unemployment benefit lasted for 26 weeks; when this time was up, people were given transitional payments, subject to the resented Household Means Test introduced in 1931. The Unemployment Assistance Board was created in 1934, and was responsible for the long-term unemployed. The relief given, however, was totally inadequate and was grudgingly given.

The wages of all family members, and any household assets, were taken into account when deciding whether or not relief should be paid. This meant that in some cases redundant men were dependant on their daughters or wives, a situation that did not fit in with the mores of the time.

'...Jarrow Borough Council, on 20th July 1936 decided to present a petition to Parliament, delivered by men who had marched the 300 miles to London.'
There was widespread and long-term male unemployment, and in protest against this, 'hunger marches' were arranged by the National Unemployed Workers' Movement (NUWM). These included a march of 2000 people in 1932, two further national marches in 1934 and 1936, and a march of 200 blind people to London, also in 1936. It was in this climate that Jarrow Borough Council, on 20th July 1936 decided to present a petition to Parliament, delivered by men who had marched the 300 miles to London. They called this their 'crusade', partly to emphasise the seriousness of their plight and partly to distinguish their march from those of the NUWM - whose connection with the Communist party raised the spectre of revolution.
BBC - History - The Jarrow Crusade
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End of 2008: The world enters the decanting phase of the global systemic crisis - Anticipations over 2008-2013 for six groups of countries experiencing very different evolutions
- Excerpt GEAB N°28 (October 16, 2008) -

The global financial crisis, which went through a major tipping point in September 2008 as anticipated by LEAP/E2020 last February (1), is only the detonator of the global systemic crisis. The financial and monetary chaos of the past months were only the triggers of a series of economic, social and political crises that will from now on give the pace to the last phase of this global systemic crisis. The most severe consequences - in human, social, economic and political terms - are still ahead of us, not behind. In this October edition of the GEAB (N°28), we therefore chose to establish the anticipatory schedule of the so-called « decanting phase », i.e. a phase along which the outcome of the crisis begins reshaping the global system (2). Our studies thus enabled us to make anticipations for the 2008-2013 period and for 6 groups of countries differently impacted by the 4 specific sequences of this phase: financial crisis, economic crisis, social crisis and political crisis.
End of 2008: The world enters the decanting phase of the global systemic crisis - Anticipations over 2008-2013 for six groups of countries experiencing very different evolutions
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