The General Strike 1926

General strike in 1926 In 1925, the mining owner announced that it intends to lower the wages of miners. The labor union general meeting responded to this news and promised to support disputes between miners and employers. The Conservative Government decided to intervene and provide the necessary funds to restore miners' wages to their previous levels. This event was called Red Friday as it was seen as a victory for working class solidarity.

Depending on the situation of miners, the general strike of 1926 began. Other workers realize that if they do not support miners, they may lower their wages as they did not see anything in the "Black Friday" incident. They knew that their demands should be met if they are united. They are the main reason for appealing the possibility of a general strike. Time is on the government side and their excellent preparation for the strike led to a government victory.

As Minister Churchill oversees the British devastating gold standard rebirth, invites defensive, unemployment, mining workers strikes that led to the 1926 general strike. The decision he announced in the 1924 budget was made at the end of long-term consultation. Various economists include John Maynard Keynes, Sir Otto Niemeyer, Treasury Secretary, and the Bank of England Board. This decision urged Keynes to write the economic impact of Mr. Churchill and argued that the return to the gold standard in 1925 before the war (1 pound = $ 4.86) would lead to a global economic downturn. However, this decision has been generally widespread, regardless of the opposition from Sir Beaverbrook and the British Industry Federation, regarded as "sound economics".