ECONOMY Flashcards
What were people’s jobs dependent on?
Trade with other parts of the world
What did the majority of the Scotland population live in?
The central belt
What is the central belt?
An area of the country stretching from Glasgow in the west to Edinburgh in the east
What were the key industries?
Shipbuilding Engineering Coal Iron Steel
What was Glasgow known as?
The city of the empire
Who said cities were very successful?
Edwin Muir
During what year did Clyde launch 750,000 tons of shipping?
1913
What was vital to the Scottish economy?
International trade
Why was international trade vital to the Scottish economy?
Because of the food problem ,Scotland relied on places abroad to supply them with 5 days of food whilst they supplied themselves with the other 2 days
What was another worrying development?
Foreign competition
Why did Scottish factory owners start building factories abroad ?
To take advantage of lower wage costs
What were the 5 keys industries that dominated the Scottish economy?
Coal Iron and steel Shipbuilding Fishing Textiles
During what years was coal Scotland’s fastest growing industry ?
1900
In 1900 how many miners were employed in Scotland’s coalmines?
Over 150,000
What did coal face gorging demands from?
Oil, gas and electricity
How did oil,gas and electricity effect coal?
Cut demands for coal in people’s homes
What were problems facing the coal industry in 1914? (4)
It was falling behind
Foreign competition took away markets
Oil,gas and electricity cut demands for coal
Mine owners were reluctant to adopt new technology