The Decline of Britain's Economy Term Paper by Master Researcher
The Decline of Britain's Economy
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This paper explores why Britain went from being the most important and powerful country in the world to a small nation on the edge of Europe, in danger of being left behind. The paper discusses the loss of Britain's empire, the decline of Britain's manufacturing quality, the damage of the Second World War on Britain and the slow collapse of the old social order in Britain. The paper also notes that the growth of America tended to overshadow Britain to some degree.
From the Paper:"The decline of Britain's economy between 1870 and 1970 was astonishing. In 1870 Britain was at the heart of a vast empire stretching across six continents, with all the profits from the colonies and possessions flowing into London. The country itself was enjoying a long period of stability and prosperity under Queen Victoria. The industrial revolution had begun in Britain a century before, and it was a world leader in manufacturing as well as a political power.
"One hundred years later, Britain was a shadow of its former self. Its empire was reduced to a few scattered islands in the middle of oceans. The system of government remained essentially the same as the one which presided so successfully over the Victorian high times, but the old political divisions of Conservative and Liberal, and the representation of the landowning class that they both shared, was gone. The government of 1970 was Labour, and the political paradigm was that of a struggle between classes rather than two groups of rich landowners.
"Why did this happen? Why did Britain go from being the most important and powerful country in the world to a small nation on the edge of Europe, in danger of being left behind as the European Economic Community threatened to move forward without them?"
Cite this Term Paper:
The Decline of Britain's Economy (2003, October 02) Retrieved March 26, 2023, from https://www.academon.com/term-paper/the-decline-of-britain-economy-39032/
"The Decline of Britain's Economy" 02 October 2003. Web. 26 March. 2023. <https://www.academon.com/term-paper/the-decline-of-britain-economy-39032/>