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    British Economy Jegyzet

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    Dániel Almási
    Britain was the first country to industrialize in the late 18th and early 19th centuries, which drove major economic changes. New industrial cities grew around natural resources like coal and water in regions across Britain. By the early 1900s, Britain had been overtaken as the world's dominant economic power by the United States. After World War II, Britain established a stable economy and extensive social welfare system through consensus between political parties.

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    British Economy Jegyzet

    Uploaded by

    Dániel Almási
    27 views2 pages
    Britain was the first country to industrialize in the late 18th and early 19th centuries, which drove major economic changes. New industrial cities grew around natural resources like coal and water in regions across Britain. By the early 1900s, Britain had been overtaken as the world's dominant economic power by the United States. After World War II, Britain established a stable economy and extensive social welfare system through consensus between political parties.

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    Britain was the first country to industrialize in the late 18th and early 19th centuries, which drove major economic changes. New industrial cities grew around natural resources like coal and water in regions across Britain. By the early 1900s, Britain had been overtaken as the world's dominant economic power by the United States. After World War II, Britain established a stable economy and extensive social welfare system through consensus between political parties.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    27 views2 pages

    British Economy Jegyzet

    Uploaded by

    Dániel Almási
    Britain was the first country to industrialize in the late 18th and early 19th centuries, which drove major economic changes. New industrial cities grew around natural resources like coal and water in regions across Britain. By the early 1900s, Britain had been overtaken as the world's dominant economic power by the United States. After World War II, Britain established a stable economy and extensive social welfare system through consensus between political parties.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
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    British economy

    Although the United Kingdom is not the wealthiest and most advanced nation anymore, in the 19 th
    century and at the beginning of the 20 th century it was the driving force behind the world's economic
    progress — and as such, it played a decisive role in shaping our modern world. Therefore, it is
    important to examine the British nation from an economic point of view.

    A Brief Economic History of Britain:

    Britain was the first country in the world to industrialise. The industrial revolution took place in
    Britain in the late 18th and early 19th centuries, which changed the nation's economy essentially.

    - cities started to grow

    The new industrialised cities grew where the natural resources (iron ore, coal, and water) were
    found: in the Midlands (Birmingham), in the North of England (Sheffield, Leeds, and Newcastle), in
    the Scottish Lowlands (Glasgow) and in South Wales (Cardiff, Swansea). Britain shipped a lot of
    manufactured products to all the colonies and almost all the world's markets. Great ports (London,
    Liverpool, Bristol) increased enormously in size and wealth.

    Most of the 19th century Britain was the hopof the world

    Around 1900 Britain was overtaken by the USA as well

    After World War Il there was a consensus between the Labour and the Conservative parties.

    Bank of England

    create a stable economic

    The United Kingdom has the fou Il-largest econom i world, is the secondlargest economy in the
    European Unio is a major international trading power. A highly developed, diversifie market-based
    conomy with extensive social welfare services provideš most residents with a high standard of living.
    Agriculture 77 % of the land is cultivated. Farms growing crops
    The main crops ar t, arle used partly for brewing began istilling whisky), potatoes and sugar bee e
    primary fruit
    The main agricultural products are: cereals, oilseed, otatoes ve etables gafflersheep, poultry; fish.
    Nearly half of all farms focus in airy farmi nd eep and cattle rearin
    The UK's competitiveness shifted from the manufactured goods sector to the service sector.
    Manufacturing used to account for the GDP mostly but since 1992.

    Some British Brands: Aston Martin, Blackthorn Cider, The Body Shop
    12 International relations
    British people and the rest of the world.

    Foreigners were often considered amusing.


    The modern British are not really chauvinistic.
    the British are very bad about learning other languages.
    Britain lost its empire in the second half of the twentieth century.
    The old imperial spirit is not quite dead.
    In 1982, the British government spent hundreds of millions of pounds recapturing the
    Falklands/Malvinas Islands from the invading Argentinians.
    British governments are fond of referring to the 'special relationship between Britain and
    the USA. On the other hand, there is some mild bitterness about the power of the USA.
    The opening of the channel tunnel in 1994
    Before the 1980s, most Scottish people, although they insisted on many differences between
    themselves and the English, were happy to be part of the UK.
    The political commentator Andrew Marr
    In the late 1960s, a Catholic civil rights movement began.
    It gave the Republic of Ireland a small degree of power sharing and everybody born in
    Northern Ireland the right to be a citizen of the Republic.
    Catholics now have the same political rights as Protestants
    The Last Pink Bits by Harry Ritchie (Sceptre 1998) is an account of a tour around the
    remnants of the British Empire. On world maps published in Britain, countries belonging to
    the empire used to be coloured pink.

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