Economic Downfall Of Britain Post World War Two

NAMECOURSETUTORDATEECONOMIC DOWNFALL OF BRITAIN POST WORLD WAR IIIn the 18th , nineteenth and beginning of the 20th coulomb , Britain was the well-nigh influential economies in the universe . The empire had a vast resource metrical foot from its colonies in Asia and Africa which mainly supplied raw material and and so facilitated fast increase in issue industrialization and international craftiness for the country . In this era Britain was among the pioneers in all dramaturgy from industrialization scientific revolution , and international trade . muchover as a world super power , Britain sleep with a fundamental role to the advancement of the present ball-shaped socio- economical emplacement , enhancement of international trade , technology and refining . all the same , given its domineering status international ly , Britain as an providence has faced a noticeable deterioration in exploit coition to its equivalent superpowers ever since World cont lay off II (Wood state of ward , 1995 Cadwood , 2003Britain as an economic system is among the roughly developed world economies in the industrialized world with broad(prenominal) standards of living and a positive long run growth pattern . However , even though Britain as an economy has had a relatively positive growth , the dusk of the economy is measured as compared to equivalent economies . The living standards economic performance and development from 1945 support been outdone by other advanced economies hence contri thoing to its downfall as a superpower (Woodward , 1995This is a raillery reviewing the economic conditions and policies implemented by Britain after World struggle II in an attempt to answer the question : why Britain declined as a world super power relative to other advanced economies since 1945Brief account : 1 901 to 1945Britain s policies in the beginni! ng of the century had a significant effect on its downfall as a super power , certain chronological features contributed to the uncut decline in the economies supremacy . Firstly other economies much(prenominal) as the United States , Germany and France had developed their industries and their agricultural sectors leading to Britain loosing its private-enterprise(a) vantage in global trade Up to the end of nineteenth century , Britain was the largest international creditor and the British sterling was the some usual international currency , In 1880 its accounted for 41 .4 of worlds export but by 1914 , the eve of World war I , this make out by reduced to 29 .9 being less than US contribution and followed very closely by German at 26 .5 (Casey , 2002 . In supplement , Britain was dowry of the World War I where vast resources were used to finance the war in addition Britain had to give up most of its major colonies but keep to allocate a tangible share of its resources to maintaining military operations in strategic countriesSecondly , in addition to the after deck of the 1st world war , the great depression of 1930 s naughtily affected the economy as it had not fully vulcanised from the war hence more vulnerable . For example , the aim of unemployment post-world war was more than 10 during the better part of 1920 s in 1931 it rose to 16 .4 , in 1937 just before...If you want to get a full essay, send it on our website: BestEssayCheap.com

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