Economy 1865-1900 Flashcards

1
Q

What percent of the working class were skilled by 1870?

A

About 2%, making £2 per week

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2
Q

By 1871, how much of the population lived in urban areas?

A

65%

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3
Q

When was most the sewerage system in London finished?

A

1866

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4
Q

Who was the chief engineer behind the London sewer system?

A

Joseph Bazalgette

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5
Q

When were Victoria and Albert Embankments opened and what did they do?

A

1870, attempted to conceal sewers, whilst reclaiming land for gardens and roads

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6
Q

What length of sewer pipes was laid in the London sewer system?

A

82 miles

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7
Q

What did the 1868 Torrens Act mean?

A

Bound landlords to keep property in a good state of repair

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8
Q

What did Chamberlain do in Birmingham in terms of housing?

A

Used Artisans Dwellings Act to carry out widespread improvements (both in housing and municipal buildings)

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9
Q

What did the 1871 Trade Union Act mean?

A

That trade unions had legal status, now able to support workers

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10
Q

Who’s economic argument about laissez faire did Bentham and Mill take up?

A

Adam Smith (1766, Wealth of Nations)

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11
Q

How was Smith’s laissez faire adapted in government?

A

Smith talked about non-intervention in trade, the government used it as a policy for non-intervention in social reform too

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12
Q

What was Bentham’s theory of Utalitarianism?

A

‘Greatest happiness to the greatest number’

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13
Q

What was the mantra of Gladstonian Liberalism?

A

‘Peace, retrenchment and reform’

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14
Q

What did the adoption of free trade lead to?

A

Massive increases in the volume of trade, stimulated economic growth

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15
Q

What was the rate of unemployment in 1872?

A

1%

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16
Q

What was the rate of unemployment in 1879?

A

11.4%

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17
Q

What was unemployment in 1886?

A

10%+

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18
Q

What did the 1886 Royal Commission on the Depression of Trade and Industry do?

A

Offered an opportunity of merchants and manufacturers to ventilate their concern over foreign competition

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19
Q

In 1879, what did The Economist describe the year as?

A

‘One of the most sunless and cheerless of the century’

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20
Q

What did Randolph say about British trade in 1884?

A

That it was effected by a ‘moral disease’

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21
Q

When did Italy abandon free trade?

A

1878

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22
Q

When did Germany abandon free trade?

A

1879

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23
Q

When did France abandon free trade?

A

1882

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24
Q

When did the USA abandon free trade?

A

1883

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25
How did British steel production change 1875-1894 (as a percentage of world production)?
Fell from 35.9% to 24.6%
26
How did German steel production change 1875-1894 (as a percentage of world production)?
Increased from 16.6% to 21.4%
27
How did USA steel production change 1875-1894 (as a percentage of world production)?
Increased from 26% to 33.7%
28
What happened to the price of industrial goods 1873-96?
Fell
29
How much did the price of coal and textiles fall 1871-96?
Over 30%
30
How much did coal output rise in the 1880s?
23.5%
31
What was happening to other economies during the 'Great Depression'?
Experiencing same slow down as Britain
32
What did the 'Great Depression' lead to in terms of wages?
Rise in real wages
33
What did Germany and USA utilise to help their rapid industrialisation?
Natural resources and manpower of European immigrants
34
When did the USA overtake Britain in terms of steel and iron production?
1890
35
Until when was Britain the biggest producer of coal?
1900
36
When did Germany and America introduced protectionist tariffs?
Germany 1879 and America 1890
37
What was the 'scramble for Africa'?
Moves by world powers for raw materials, resources and new markets
38
What new industries did Britain not involve themselves with?
Chemicals and electrical engineering
39
Why was there a lack of entrepreneurship?
'Third generation syndrome'
40
How did unemployment change 1879 to 1886?
11.4% in 1879, down to 2% in 1883, back up to 10% in 1886
41
How did wheat imports change from 1870-1900
Increased from 50.4cwts to 85.9cwts
42
How did the number of workers employed in argiculture change 1871-1901?
1.6mil in 1871, 1.4mil in 1891, 1.3mil in 1901
43
How did gross agricultural output change 1867-76 to 1894-1903?
Fell from 13% to 4%
44
How much did beef, mutton and lamb prices fall by in the 1890s?
Beef 11%, lamb and mutton 8%
45
How did agricultural and industrial productivity change 1867-69 to 1886-93?
Agricultural productivity grew 15% and industrial productivity grew 23%
46
When were the poor years for weather in agriculture?
1873-1879
47
What animal diseases were a concern in 1881-83?
Foot and mouth in cattle, liver rot in sheep
48
How did area of cereal crop land change 1872-1913?
Fell from 9.6mil acres to 6.5mil acres
49
How did employment on farms change 1871-1901?
Fell from 1mil to 600k
50
How did price of wheat change 1874-1910?
Fell from 55s/quarter to 33s/quarter
51
Where did cheap food come from and why?
Due to railways and steamships. Americas, India, Australia, Canada and Argentina
52
How did the cost of transporting a tonne of wheat from Liverpool to Chicago change 1868-1882?
65s in 1868, 24s by 1882 - a low of 17s.
53
How did pasture land change 1872-1913?
17.1mil acres to 21.5mil acres
54
When and why was it forbidden to import cattle?
1892, govt said it was to control disease, also removed competitioin
55
When was the Eversley Commission?
1893-97
56
What did the Eversley Commission say?
Urged people to take up dairy and poultry farming or to turn to market gardening - slimmed down the unprofitable cereal sector
57
When did the bicycle industry start up?
1869 in Coventry
58
How many firms and employees were there in the bicycle industry by 1879?
60 firms with 700 employees
59
Why did the bicycle industry experience a boom after 1885?
Innovation (John Kemp Stanley introduced the diamond frame) and dynamic marketing (by 1913 Britain was exporting 150k machines compared to Germany's 89k)
60
How much of the world dyestuffs market did Germany hold in 1880?
90%
61
How did consumption per capita change 1873-96?
Increased by 30%
62
Until when did Britain lead world glass production?
1880 (then displaced to 3rd)
63
Until when did Britain lead the soap manufacture market?
1914
64
How much did real income per head grow per year 1871-80?
0.8%
65
How much did real income per head grow per year 1890-1900?
1.2%
66
How much did real income per head grow 1900-1910?
0.4%
67
How much was GNP growing by per year in 1873?
2.8%
68
How much was GNP growing per year in 1900?
2%
69
How much was GNP growing by per year in 1910?
1.2%
70
How much was industrial output growing per in 1873?
3.2%
71
How much was industrial output growing by 1900?
2.2%
72
How much was industrial output growing by 1912?
1.6%
73
What were British/German/USA growth rates per year (1870-1913) for industrial output?
GB - 2.1%, G - 4.1%, USA - 4.7%
74
What were British/German/USA growth rates per year (1870-1913) for GDP per capita?
GB - 1.3%, G - 1.8%, USA - 2.2%
75
How much wheat was being imported in 1870?
50.4 million cwts
76
How much wheat was being imported in 1890?
85.9 million cwts
77
How much wheat was being imported in 1910?
102.6 million cwts
78
How much wheat land was there in 1872?
3.6 million acres
79
How much wheat land was there in 1895?
1.4 million acres
80
How much wheat land was there in 1913?
1.8 million acres
81
What was the balance of payments in 1871?
£75 million surplus
82
What was the balance of payments in 1890?
£88 million surplus
83
What was the balance of payments in 1895?
£52 million surplus
84
What was the balance of payments in 1900?
£40 million surplus