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GCSE History · key term
A contributory scheme that provides financial support to insured workers when they lose their jobs.
Used by Edexcel
Paper 3
Revise: Changes in SocietyThe 1927 Unemployment Insurance Act extended protection for workers who lost their jobs. Contributions financed a scheme that paid support to insured unemployed workers. This reduced the immediate danger of a family losing all its income, although insurance did not itself create jobs or remove unemployment.
Support claims about improvement with precise evidence, such as the rise in real wages, the 1927 unemployment insurance scheme or Bauhaus design.
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