Economichistoryofunitedkingdom.docVIP

Economic history of united kingdom in 20th century A Brief History of the UK Economy 一.18世纪末-19世纪初（1770s - 1820s ） The Industrial Revolution The UK was the first country in the world to industrialize(though the UK economic grown a lot due to the successful business, but its progress had some other reasons. Different from other European countries, its domestic development was not affected by armed conflict in seventeenth Century interference. The inside market united level by creating a turnpike road and channel network and the development of coastal transport has been greatly improved. This promoted s more efficient specialization division of labor between different areas.) 二During the 19th century it dominated the European and world economy(During this period, the economy developed more quickly than any other times. It was almost 3 times than the 18 century. The technology, capital, labor and the education improved a lot. ) 三20th century By 1900,the UK was overtaken by the U.S and Germany(After the Second Industrial Revolution, the United States and Germany presented an increasing challenge to Britain’s role as leader of the global economy and had developed large-scale industries by 1900. ) From this, you can see the united kingdom had the most advantage of the manufacturing output and industrializ ation. The history could be devided into three parts, the world war 1, the worla war 2 and the recent history. First the first world war include three periods: the 1900-1920 in relative decline ,1920s-Postwar stagnation and 1929-1939-the Great Depression. 1900-1920 the Relative Decline of UK Economy Background:After the Second Industrial Revolution, the United States and Germany presented an increasing challenge to Britain’s role as leader of the global economy and had developed large-scale industries by 1900. Britains comparative economic advantage had lessened. but British colonies and foreign investment location from the profit far more than the grab the