Coal Mines Act 1930

http://dbpedia.org/resource/Coal_Mines_Act_1930 an entity of type: WikicatUnitedKingdomActsOfParliament1930

The Coal Mines Act 1930 was an Act of Parliament which introduced a system of quotas in the coal mining industry of Great Britain. It was a major achievement of the Labour Party, which revoked the eight hour day that had been enacted in 1926, replacing it with a 7 1⁄2 hour day. Mine owners were allowed to fix quotas and minimum prices. Theoretically, the new commission was to plan how to close less-efficient pits, but it was not effective. Historian A. J. P. Taylor says that: rdf:langString
rdf:langString Coal Mines Act 1930
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rdf:langString The Coal Mines Act 1930 was an Act of Parliament which introduced a system of quotas in the coal mining industry of Great Britain. It was a major achievement of the Labour Party, which revoked the eight hour day that had been enacted in 1926, replacing it with a 7 1⁄2 hour day. Mine owners were allowed to fix quotas and minimum prices. Theoretically, the new commission was to plan how to close less-efficient pits, but it was not effective. Historian A. J. P. Taylor says that: on the contrary, the act protected the inefficient. It operated restriction and stable prices at the expense of the consumer. Here was the pattern for British capitalism in the thirties.
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