Economic policies 1929-1936
Rise of economic nationalism. In response to Britain abandoning the gold standard, all other nations did. Depression in the US decreased international trade drastically. Nations implemented a series of protective measures, including tariffs, reneging on the free trade liberalism of the early 20th century. Britain followed a policy of retrenchment, which limited the "dole," ie benefits to workers, and focused on loans to industry and economic nationalism.