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Britain's Economic Decline 1870 - 1970
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European History Essay research papers
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A 9 page paper discussing the reasons. Following the great prosperity of the Industrial Revolution, Britain essentially rested on its laurels and did little else aside from watching those laurels wilt. War traditionally is followed by periods of great economic growth, but Britain was ill-prepared for that growth following World War I and allowed itself to be subject to the high-tax policies of John Maynard Keynes following World War II. Keynesian policies essentially removed private sector incentive for taking any responsibility for rebuilding either the country's infrastructure or its economy. There are many reasons for the decline during the century of 1870-1970, but the primary one is that of poor management. Bibliography lists 5 sources.
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Pages:
9
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Filename:CC6_KSdecl.wps |
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Paper Title:
Britain's Economic Decline 1870 - 1970
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