Guardian Research Department 

1931: UK unemployment almost three million following stock market crash

Nearly 350,000 are added to the dole queue in just two weeks. World economic slump heralded by the Wall Street Crash in 1929 leads to widespread unemployment
  
  



Ramsay MacDonald's Labour government came in for sharp criticism over it's handling of the UK jobless crisis, following the Wall Street Crash. It paid the ultimate price and was voted out of office in 1931. A new coalition government continued the battle against high unemployment, which began to fall towards the end the decade

 

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