The Decline of British Economic Power Since 1870This book was first published in 1981. |
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Page 12
... resulting from an equivalent lack of interest in business combination . With only limited recourse to the capital market before 1914 almost one - half of the annual output of coal was still being mined by private companies as late as ...
... resulting from an equivalent lack of interest in business combination . With only limited recourse to the capital market before 1914 almost one - half of the annual output of coal was still being mined by private companies as late as ...
Page 15
... result of an irrational rejection of the benefits to be derived from higher domestic investment . This view presupposes , of course , that the rate of return on foreign investments was higher than that on domestic investment . Whilst ...
... result of an irrational rejection of the benefits to be derived from higher domestic investment . This view presupposes , of course , that the rate of return on foreign investments was higher than that on domestic investment . Whilst ...
Page 16
... result was that by 1913 Britain possessed an incompletely developed engineering sector : the most advanced machinery ( notably in the critical area of machine tools ) had to be imported from abroad , mainly from the USA and Germany ...
... result was that by 1913 Britain possessed an incompletely developed engineering sector : the most advanced machinery ( notably in the critical area of machine tools ) had to be imported from abroad , mainly from the USA and Germany ...
Page 17
... result in a reduction in British demand for 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 ...
... result in a reduction in British demand for 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 ...
Page 18
... result in a fall in the level of internal prices , a movement which would eventually produce external equilibrium . Towards the end of the nineteenth century , the theory was modified to take account of central - bank monetary policies ...
... result in a fall in the level of internal prices , a movement which would eventually produce external equilibrium . Towards the end of the nineteenth century , the theory was modified to take account of central - bank monetary policies ...
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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