The Decline of British Economic Power Since 1870

2nd series American Bacon and Eltis balance of payments Bank of England Blackaby boom Bretton Woods Britain Britain’s economic Britain’s international British economy British industry capital cent coalmining Coalmining Industry competition considerable cost cotton countries country’s currency current account De-industrialisation decline deficit depression dollar domestic economic growth Economic History economic policy empire employment Europe European exchange expenditure exports factors favour foreign Germany gold standard government’s Harrod Howson ibid Imperial Preference important income increased inflation international economy interwar period J. M. Keynes Keynes Keynes’s Keynesian lend-lease loan London major manufacturing industry ment million Moggridge Monetary Policy Montagu Norman multilateral ofthe organisation output political position postwar prewar primary producing problem productivity programme protectionism rate of growth reduction reproduced by permission rise role Second Labour Government sector Skidelsky staple industries Sterling Area structure Table reproduced tariff trade union Treasury