Economic Concerns And External Competition Flashcards
In 1870-1914 who was GB overtaken by in iron and steel output?
Germany and the US
The rate of industrial growth was less than?
The us
What did Britain’s share in world exports do?
Decline
What was imports faster than
Exports
What did 20thC industrialists and politicians begin to question?
Education, free trade and failure to adapt
LACK OF RESEARCH AND INVESTMENT IN NEW TECHNOLOGIES
What was GB industrial lead based on?
- cheap textiles
- providing iron/steel to build rail, ships & machinery
LACK OF RESEARCH AND INVESTMENT IN NEW TECHNOLOGIES
Compared to the US what did Britain do?
Invest in few resources researching new methods of production
LACK OF RESEARCH AND INVESTMENT IN NEW TECHNOLOGIES
In steel production, who was more effective at making iron and more efficient than Britain?
Germany and US
LACK OR RESEARCH OF RESEARCH AND INVESTMENT IN NEW TECHNOLOGIES
What did the car industry fail to do?
Develop organisational skills and techniques
LACK OF RESEARCH AND INVESTMENT IN NEW TECHNOLOGIES
Why was Britain behind Germany and US?
GB factory equipment was less modern than US and Germany
LACK OF PROGRESS IN ‘NEW’ INDUSTRIES
Who’s chemical industry was x2 the size of GB?
Germany
LACK OF PROGRESS IN ‘NEW’ INDUSTRIES
What did the British army use for its uniforms?
German dyes
LACK OF PROGRESS IN ‘NEW’ INDUSTRIES
Who were subsidiaries of German/US companies?
Many companies producing electrical equipment in Britain
