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Can we conquer unemployment? The Liberal party, public works and the 1931 political crisis

The Liberal party, public works and the 1931 political crisis

Bibliographic Data

ID4557491
AuthorsPeter Sloman (0000-0002-6087-0476, New College; University of Oxford, corresponding author)
Year2015
Volume88
Issue239
Pages161-184
Publication date2015-02-01
Peer ReviewedYes
Open AccessYes
TypeARTICLE
VenueHistorical Research (JOURNAL)
Journal identifiersISSN: 0950-3471 • E-ISSN: 1468-2281
PublisherOxford University Press (OUP) (PUBLISHER)
DOI10.1111/1468-2281.12064
OpenAlexW1531687797
LanguageEN
Citations received1
References cited31

David Lloyd George's 1929 pledge to ‘conquer unemployment’ through loan-financed public works was a landmark in the development of Keynesianism as a policy option in Britain, yet just two years later the Liberal party which Lloyd George had led would play a central role in the formation of the highly orthodox National Government. This article uses archival and published sources to explain the shift in Liberal thinking, and argues that the party's early interest in reflationary policies was not so much insincere as under-theorized. Liberal confidence in the value of public works was consequently eroded after 1929 by rising unemployment and the onset of financial crisis

Economic growth · Economics · Political economy · Political science · Politics · Unemployment · Historical Economic and Social Studies · Housing, Finance, and Neoliberalism · Law · Political and Economic history of UK and US · Public Administration

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Unique citing works1
Citations per year0,5
Citation span2024 - 2024 (1)
Citation velocityrecent
Highly citedNo

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