Decline of the Liberal Economy

Question 1

What are staples? How much of exports did they make up?

Answer 1

Textiles, steel, coal and shipbuilding. 60%

Question 2

How much did coal production increase by? What is the counter argument to this?

Answer 2

100m 1870 - 287m 1913
Productivity dropped 20% 1880-1914 + Being out-competed by US, B mechincally cutting 8% coal 1914 vs US machinally cutting 25% by 1900.

Question 3

What were the new indrustries?

WHat % were they each increasing?

Answer 3

Electrical 3.8%, chemical 2.6% , engineering 1.6%. Cars 6.6%

Question 4

Counter arguement to new industries increase…

Answer 4

G out-competiting Chemical Industries, x2 size by 1913. G 400 chemistry students a year vs 1908 B only 300 applied for science.

Question 5

How much of the economy was agriculture? What % of wheat sold in UK was British?

Answer 5

10% employment 1/4 exporting more. Never recovered from the Great Agricultural Depression 1873-96

Question 6

How much of national earnings were invisible earnings?

What % of goods and services were exported?

Answer 6

3% , 30%

Question 7

How have trade changed since the decline in Imperial dominance?

Answer 7

1870 - 1914 40%-25% largely unsuccessful as it’s not stable in the LT WW1 countries stop importing.

Question 8

What other factors influenced the 1906-1914 economy/

Answer 8

Low-wage economy & free trade limited the internal spending. Laissez-faire wasn’t aiding GOV investment.
Foreign competition- meant that B was not improving at the same rate as US or Germany.
Later establishment of the education system (compulsory) 1870-80’s vs 1800 Germany and Russia.

Question 9

How successful was the British Economy in 1906-1914? Arguement & Paragraphs

Answer 9

Unsuccessful to a moderate extent:
P1 : some superfical improvements (NI & S)
P2: unsuccessful catalystic decline (A & Trade) c & s ME
p3: unsuccessful stability LT downwards tragicitory (IE, T, A , S)

Conc: only superical evidence for success- under analysis = LT decline ….