Backbench rebellions have been more frequent than any since the second world war and for some MPs rebellion against the coalition is becoming a habit. Backbenchers have even refused to sustain the government in power previously. On four separate occasions the government has been brought down by a confidence motion, most recently with Callaghan in 1979. Select committees and their introduction in 1979 have much increased the effectiveness of the House of Commons both in its legislative function (partaking in the process of a bill becoming a law) and also to hold executive to account. Select committees can call for ‘persons, papers and records’ and after reforms made by the previous Labour government in 2000 they are now appointed by an independent body.
Due to this debt the government then resulted in printing money and this resulted in inflation. Inflation destroyed savings of the middle class and especially effected land owners as they relied on rent. State employees and factory workers purchasing power fell by 25% because of the value of the Iire. The state also spent 148 billion lire on the war effort and inflation increased with the price index quadrupling, and rising from 100 in 1914 to 413 in 1918. Conscription soaked up rural unemployment and some peasants grew prosperous.
By finally giving in and devaluing the pound, Labours coherent reputation and authority was damaged. The whole issue surrounding the devaluation of the pound weakened the Labour party further by causing divides within. This weakening contributed to the election defeat in 1970. Furthermore Source 2 however does show direct evidence why labour had lost the election as it states “began for me as badly as it could of done” this tells us that the day had gone badly Roy Jenkins had done a relatively okay interview which didn’t relatively well amongst the public. However in the afternoon it became apparent that the export figures were down £45 million.
Bad working conditions in the country sparked numerous strikes and riots, and the sheer lack of exports meant there was an increase of imports, and therefore costs continued to rise. Mussolini saw that the economy was in dire need of vast improvement, and along with it the standard of living was nearly in a state of disrepair. Throughout the years 1922-1943 Mussolini formulated 4 key Battles to aid and expand his economy; Battle of the Grain (1925), Battle of the Lira (1926), Battle of the Births (1927), and the Battle of the Marshes (1928). From 1922 to 1925, Mussolini's regime pursued a laissez-faire economic policy under the liberal finance minister Alberto De Stefani. De Stefani reduced taxes, regulations, and trade restrictions and allowed businesses to compete with one another.
For example, limitations were placed on Reagan concerning military funding which led to the withdrawal of United States Marines from Lebanon. Even when a Congress of the Presidents own party will sometimes defeat, block or ignore executive initiatives. A Congress with opposition to the President’s party could be catastrophic in reducing the amount of power the President can exert causing him to be weak. It will definitely mean substantial compromise, if not complete obstruction. As a result of this and the increased partisanship with Congressmen increasingly voting along party lines, it is becoming more and more difficult for the President to force through his programmes.
The Directory lasted four years, the longest of any post-revolution governments, but by 1799 it was seen as a temporary solution and out of date. The economy faced many problems, inflation was very high and the government was unable to pay the salaries of its employees, experiments with paper currency were a disaster and there was a threat of invasion from Russia and Austria who had been appalled by the execution of a fellow monarch. The Directory was unable to install the principles of the revolution or ensure France's security, it was seen as time for a new style of government. The Directory was undermined from within and a 'possible coup was already three-quarters complete in the mind of Roederer'. Napoleon, in the minds of many disillusioned French citizens, had been called upon 'to save France from the crisis into which it had been thrown by the pitiful government of the Directory.'
Also, while convertibility crushed inflation, its permanence damaged Argentina's export competitiveness and created chronic deficits in the current account of the balance of payments, which were financed by massive borrowing. The contagion effect of the Asian financial crisis of 1998 precipitated an outflow of capital that gradually mushroomed into a 4-year depression that culminated in a financial panic in November 2001. In December 2001, amidst bloody riots, President De la Rua resigned, and Argentina defaulted on $88 billion in debt, the largest sovereign debt default in history. The problems: Argentina has a history of constant economic, monetary and political problems.
Many banks declared bankruptcies because they could not get back their money from stock investors. Thousands of banks failed to keep the money from flowing to the market that resulted in a widening circle of bankruptcies and job layoffs.Democrat Franklin D. Roosevelt won the presidential election by a landslide over Herbert Hoover in November 1932 and was inaugurated the following March. He had the first presidential speech when “the stock market was down eighty percent from its 1929 high, almost half the banks had failed, the GDP was down fifty percent, and unemployment stood at twenty five percent” (79). Franklin D. Roosevelt expressed the problems that Americans needed to overcome, and gave out the New Deal programs started from1933 to 1939 that were successful in addressing the Great Depression. The first phase of the New Dealwas called relief that helped millions of suffering Americans as soon as possible.
The Radical Prime Minister, Edourd Herriot, was met with a severe economic crisis caused by the mismanagement of government expenditure. A divide in the Cartel on how to solve the crisis meant Herriot stepped down in 1926. The demise of a government due to disagreements on a solution to France’s economic problems was an often occurrence during the 1920’s and 1930’s. The French people always suffered as a consequence of the
He came to power at the head of a coalition party making enemies along the way. Most notably Asquith and many other Liberal MPs people whom should have been supporters. Instead he became a prisoner of the Conservative Party; the main bulk of the coalition. Lloyd George's policies of reform and views on the Irish question were incompatible with many Conservatives, many of whom abandoned him when they came to power. This incompatibility stifled the coalition's progress.