The Decline of British Economic Power Since 1870This book was first published in 1981. |
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Page 18
... balance - of- payments deficit a country would experience an outflow of gold which , in reducing the volume of currency in circulation , would result in a fall in the level of internal prices , a movement which would eventually produce ...
... balance - of- payments deficit a country would experience an outflow of gold which , in reducing the volume of currency in circulation , would result in a fall in the level of internal prices , a movement which would eventually produce ...
Page 19
... balance of payments to place Britain at the centre of the international economy . No wonder then that J. M. Keynes in a brilliant polemic written in the aftermath of the First World War , characterised the years between 1870 and 1914 as ...
... balance of payments to place Britain at the centre of the international economy . No wonder then that J. M. Keynes in a brilliant polemic written in the aftermath of the First World War , characterised the years between 1870 and 1914 as ...
Page 20
... balance - of - payments adjustment was required.78 The evolving pattern of international trade meant that by 1913 Britain was dependent for the stability of its entire payments position upon its growing trading surplus with India . It ...
... balance - of - payments adjustment was required.78 The evolving pattern of international trade meant that by 1913 Britain was dependent for the stability of its entire payments position upon its growing trading surplus with India . It ...
Page 28
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Page 37
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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