The crash of the United States stock market led to severe economic and social consequences like mass unemployment, a shortage in production, and a general decrease in prices. The economic crisis not only affected the United States but also European countries like Britain, France, Germany, Sweden, etc. In his address to the British Parliament, Sir Stewart highlights the plaguing issues in Northern England. Due to the Great Depression, Northern England experienced a significant loss of industry, therefore, massive unemployment amongst young, poor, hungry men. Stewarts explicitly implies that if the State does not attempt to combat this unemployment, these young men will pose a serious threat to the State. Stewart’s solution is to bring back industry to those areas.
John McKay et al, Sources for Western Society, Vol. 2., pg. 430-432.