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unit9 The UK Economy (Events in History (dominant in the 1880s (1/2 coal…
unit9 The UK Economy
Events in History
overtaken in 1990 (USA/Germany)
decline since 1945
absolute decline
relative decline
dominant in the 1880s
1/2 coal,iron and cotton
shipping amount
1/3 manufactured goods
steady development in the 1950s and 60s
policy：John M. Keynes - consumption👆 investment👆 （×labor cost 👆）
features: unemployment 👇material prosperity 👆 standards of consumption 👆
reccession in the 1970s
policy: restrictive fiscal policies
oil shock：1973 and 1977
recovery in the 1980s
features
Thatcher's measures
medium-term financial strategy
brighter picture after 1992
resources and indusries
shipbuilding
motor vehicle
textiles
iron and steel
new industries
coal, oil, gas
Agriculture
highly mechanized
North Sea fishing