1906-1914 economy

Question 1

Areas of concern

Answer 1

Lack of research and investment in new industry
Lack of progress in new industry 
Low wage economy
Free trade
Education system
Agriculture

Question 2

Areas of progress

Answer 2

Staple Industries
Invisible exports
Motor car industry

Question 3

Employed by motor car industry

Amount Ford produced in 1913

Answer 3

375k

7310

Question 4

Invisible earnings

Answer 4

By 1913 - 32% of national wealth was in overseas investment.

World leader in banking and investment - 25% of worlds trade

Question 5

Amount of World Trade

Answer 5

25%

Question 6

Overseas investment by 1913

Answer 6

32% national wealth

Question 7

Staples

Answer 7

• Half the world’s shipping by 1914
• Despite German and US growth, natural due to population and raw materials
• Coal had risen to a record total of 237 million tons in 1913
• Cotton industry made up 25% of exports

Question 8

Shipping owned by 1914

Answer 8

50%

Question 9

Coal record by 1913

Answer 9

237 million

Question 10

Cotton industry exports

Answer 10

25%

Question 11

Lack of progress in New

Answer 11

• 90% of British Army uniforms dyed from German dyes
• Only 8% of coal mines were mechanically cut, productivity fell 20%
• Germany held half of all electric trade

Question 12

Low wage economy

Answer 12

Small domestic market

Workers couldn’t afford consumer goods

Question 13

Free trade

Answer 13

Easy access to British markets

Could not bargain to reduce other countries tariffs

Question 14

Education

Answer 14

By 1913, University of Munich produced more science graduates than the whole of England

Question 15

Agriculture

Answer 15

25% of wheat sold in Britain came from British farms before the war.