U5 The UK Economy.pptVIP

U5 The UK Economy Absolute Decline and Relative Decline By the 1880s the British was dominant in the world,producing one third of the world’s manufactured goods,half its coal and iron,half its cotton. But the basic positive-seeming facts describing the size of economy,the high proportion of world trade that was British,and so on. Absolute Decline and Relative Decline Secondly,the era of empair was over. Thirdly,despite the relatively rapid and trouble-free process of decolonisation,Britian was was still forced to maintain a substantialand expensive military persence in many overseas locations.