Economic Developments: The Decline of British Industry in the 1980s Flashcards
1
Q
What percentage of world trade shares did Britain own in 1950?
A
25%
2
Q
What percentage world trade shares did Britain own in 1989?
A
8%
3
Q
How much did investment in British industry rise a year in the 1980s?
A
2% a year
4
Q
Name an industry that was declining in this era
A
Steel
5
Q
How much was British Steel losing a week?
A
£7 million
6
Q
How much did steel production decline from 1979 to 1981?
A
30%
7
Q
How much did overall British manufacturing decline from 1979 to 1981?
A
15%
