The Decline of British Economic Power Since 1870This book was first published in 1981. |
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Page 15
... of foreign investment was that it stimulated the development of inter- national trade in primary products . Britain was the first to benefit from this trade and , from the 1860s onwards , aided THE BRITISH ECONOMY 1870-1913 15.
... of foreign investment was that it stimulated the development of inter- national trade in primary products . Britain was the first to benefit from this trade and , from the 1860s onwards , aided THE BRITISH ECONOMY 1870-1913 15.
Page 16
... primary producing countries of the world , exchanging staple manufactures for foodstuffs and raw materials . Beneficial though this trade may have been before 1914 , its long - term effect was to retard the development of more advanced ...
... primary producing countries of the world , exchanging staple manufactures for foodstuffs and raw materials . Beneficial though this trade may have been before 1914 , its long - term effect was to retard the development of more advanced ...
Page 17
... primary products and a further decline in British exports . To the extent that recession reduced the attractiveness of lending to the USA , British investors would redirect their attentions to the domestic economy , to the housebuilding ...
... primary products and a further decline in British exports . To the extent that recession reduced the attractiveness of lending to the USA , British investors would redirect their attentions to the domestic economy , to the housebuilding ...
Page 19
... primary products by exporting manufactures to Britain . In the same way that British overseas investment provided international liquidity for many primary pro- ducing countries , the visible trade deficit fulfilled a similar function on ...
... primary products by exporting manufactures to Britain . In the same way that British overseas investment provided international liquidity for many primary pro- ducing countries , the visible trade deficit fulfilled a similar function on ...
Page 20
... primary products , for example , meant that British overseas investment could potentially no longer fulfil its former stabilising function . In the event of simultaneous recession in several of the major industrial countries the volume ...
... primary products , for example , meant that British overseas investment could potentially no longer fulfil its former stabilising function . In the event of simultaneous recession in several of the major industrial countries the volume ...
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Common terms and phrases
2nd series American Bacon and Eltis balance of payments Bank of England Bank Review Blackaby boom Bretton Woods Britain Britain's Economic Prospects British economy British industry British Overseas Business History Cambridge capital cent competition considerable cost cotton country's currency D. H. Aldcroft De-industrialisation decline deficit depression dollar economic growth Economic History Review Economic Journal Economic Policy empire employment Europe European exchange expenditure exports factors favour foreign Germany gold standard Howson ibid Imperial Preference important income increased inflation international economy J. M. Keynes John Maynard Keynes Keynes lend-lease Lloyds Bank loan London manufacturing industry million Moggridge multilateral National organisation output Oxford political position postwar prewar problem protectionism rate of growth recovery reduction reproduced by permission return to gold Richardson rise role Second Labour Government sector Skidelsky staple industries Sterling Area structure Table reproduced tariff trade union Treasury United Kingdom