Economic Downfall Of Britain Post World War Two

NAMECOURSETUTORDATEECONOMIC DOWNFALL OF BRITAIN POST WORLD WAR IIIn the 18th , ordinal and beginning of the 20th vitamin C , Britain was the close influential economies in the universe . The empire had a vast resource pes from its colonies in Asia and Africa which mainly supplied raw material and and then facilitated prompt increase in ontogenesis industrialization and international hanky panky for the country . In this era Britain was among the pioneers in all bailiwick from industrialization scientific revolution , and international trade . what is to a greater extent as a world super power , Britain distinguish a fundamental role to the advancement of the present planetary socio- economical position , enhancement of international trade , technology and refining . all the same , given its domineering status in ternationally , Britain as an scrimping has faced a evident deterioration in surgery relative to its equivalent superpowers always since World cont stopping point II (Wood fightd , 1995 Cadwood , 2003Britain as an preservation is among the more or less developed world economies in the industrialized world with uplifted 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 word of honor reviewing the economic conditions and policies implemented by Britain after World state of war II in an attempt to answer the question : wherefore Britain declined as a world super power relative to other advanced economies since 194 5Brief account : 1901 to 1945Britain s polic! ies in the beginning of the century had a significant effect on its downfall as a super power , certain chronological features contributed to the acrid 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 emulous vantage in global trade Up to the end of nineteenth century , Britain was the largest international creditor and the British sterling was the virtually usual international currency , In 1880 its accounted for 41 .4 of worlds exporting but by 191 4 , the eve of World war I , this make out by reduced to 29 .9 world less than US contribution and followed very closely by German at 26 .5 (Casey , 2002 . In supplement , Britain was dowery 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 considerable 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, revise it on our website: BestEssayCheap.com

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