The Wall Street Crash

Stock exchanges across the world collapse, taking economies with them. By 1930, 2 million men in Britain are registered unemployed. The Cocoa Works Magazine of December that year includes a letter from Seebohm Rowntree, in which he makes clear he understands how workers are being affected:  “I know how much there is to discourage..we face a 10th winter of unemployment..” Poor market conditions mean that even some Rowntrees’ staff are put on short-time working.

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