Economic History

Economic History

Made Simple

1st Edition - January 1, 1975

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  • Author: Bernard J. Smales
  • eBook ISBN: 9781483141527

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Description

Economic History: Made Simple traces Great Britain's economic history starting from about 1760 onwards. It also assesses the impact of technological change on people's lives. The book is organized into four sections covering different periods. Section I deals with emergence of the first industrial nation from 1760-1830. Section II focuses on the 1830-1914 period, when Britain was undergoing the transition from being a primarily agricultural and commercial economy into the first modern industrial state in the world. Section III discusses the 1914-39 period, which saw the First World War, followed by a boom lasting until 1920 and afterwards a depression of considerable duration. Section IV discusses Britain's economic and social development since 1939, covering topics such as the impact of the Second World War, and the post-war social, economic, and industrial policies. This book should be useful to any students of economics who wish to explore the realities of economic life in historical perspective. It will also provide sound background reference for more elementary studies as well as being of value to readers seeking a greater understanding of the world in which they live.

Table of Contents


  • Preface

    Acknowledgments

    Section One: The Emergence of the First Industrial Nation, 1760-1830

    1 Introduction

    What is Economic History?

    The Concept of an Industrial Revolution

    Rostow's Theory of Economic Growth

    The Philosophical Rationale for Sustained Economic Growth

    Suggested Further Reading

    Exercises

    Summary

    2 The Prerequisites for Sustained Economic Growth

    Favorable Background Conditions

    Availability of Capital

    Growth of Population

    The Agrarian Revolution

    Availability of Essential Raw Materials

    Improvements in Transport

    The Growth of Markets

    Suggested Further Reading

    Exercises

    Summary

    3 The Growth of Industry

    The Influence of the State on Economic Development

    The Pioneers of Industrialism

    New Technology

    Development of the Basic Industries

    Suggested Further Reading

    Exercises

    Summary

    4 War and the Industrial Revolution

    The Post-War Distress

    Suggested Further Reading

    Exercises

    Summary

    5 The Human Results of the Industrial Revolution

    Mobility of Labor

    The Rise of the Industrial Town and the Growth of the Factory System

    The Beginnings of Working-Class Organization

    The Development of the Poor Law up to 1834

    Standards of Living

    Suggested Further Reading

    Exercises

    Summary

    Section Two: Britain as the Workshop of the World, 1830-1914

    6 Population Growth

    The Population Cycle

    Birth Rates

    Death Rates

    External Migration

    Suggested Further Reading

    Exercises

    Summary

    7 The Revolution in Transport

    Railways

    Shipping

    Suggested Further Reading

    Exercises

    Summary

    8 Agricultural Change

    The Struggle for Repeal of the Corn Laws

    The Period of High Farming

    Depression and Decline

    Suggested Further Reading

    Exercises

    Summary

    9 The Rise to Industrial Maturity

    Development of the Basic Industries

    The Second Industrial Revolution

    Changes in Business Organization

    The Location of Industry

    Suggested Further Reading

    Exercises

    Summary

    10 The Development of Working-Class Organization

    The Chartists

    The Co-operative Movement

    Trade Unions

    The Rise of the Labor Party

    Suggested Further Reading

    Exercises

    Summary

    11 The Condition of the People

    Public Health and Housing

    Factory and Mining Reforms

    Education

    Suggested Further Reading

    Exercises

    Summary

    12 The Poor Law

    The Poor Law Amendment Act, 1834

    The Working of the Poor Law, 1834-1909

    The Break-Up of the Victorian Poor Law

    Suggested Further Reading

    Exercises

    Summary

    13 Commercial and Financial Developments

    The Emergence of an International Economy

    The Content and Direction of British Trade

    British Trading Policy

    Foreign Investment

    The Development of Banking

    Suggested Further Reading

    Exercises

    Summary

    14 The Period Reviewed

    Post-War Depression and the Railway Boom, 1815-47

    The High Water Mark of Victorian Prosperity, 1847-73

    The 'Great Depression', 1873-96

    The End of an Era, 1896-1914

    The Challenge to Britain's Economic Supremacy

    Suggested Further Reading

    Exercises

    Summary

    Section Three: War, Depression and Recovery. 1914-39

    15 The Impact of War

    War Finance

    The Effects of War on British Industry

    The Economic Consequences of the War

    Post-War Boom and Slump

    De-Control

    Suggested Further Reading

    Exercises

    Summary

    16 British Industry and Its Organization

    Decline of the Staple Export Industries

    Agriculture

    The New and Growing Industries

    The Changing Location of Industry

    Business Organization

    Labor Organization

    Suggested Further Reading

    Exercises

    Summary

    17 Transport, Commercial and Financial Developments

    Railways and Road Motor Transport

    The Content and Direction of British Trade

    British Trading Policy

    On and Off the Gold Standard

    The Economic Blizzard, 1929-33

    Recovery, 1931-9

    Suggested Further Reading

    Exercises

    Summary

    18 Social Conditions

    Population Trends

    Unemployment and Insurance

    Housing

    Education

    Suggested Further Reading

    Exercises

    Summary

    Section Four: Britain’s Economic and Social Development Since 1939

    19 The Second World War and its Consequences

    The War Economy

    The Economic Consequences

    The Social Consequences

    International Preparations to Meet Post-War Difficulties

    Suggested Further Reading

    Exercises

    Summary

    20 Post-War Social Policy

    Population Trends since 1945

    The Setting up of the Post-War Welfare State

    The Social Security System

    Housing

    Education

    Health

    Suggested Further Reading

    Exercises

    Summary

    21 Post-War Economic Policy

    Government Management of the Economy

    Economic Planning

    Britain and the European Economic Community

    Suggested Further Reading

    Exercises

    Summary

    22 Post-War Industrial Policy

    Competition Policy

    Regional Policy

    Government Policies for Industry

    Suggested Further Reading

    Exercises

    Summary

    23 Post-War Industrial Developments

    Nationalization

    Progress of the Main Industries

    Transport Developments

    Development of Trade Unionism

    Suggested Further Reading

    Exercises

    Summary

    Index

Product details

  • No. of pages: 288
  • Language: English
  • Copyright: © Made Simple 1981
  • Published: January 1, 1975
  • Imprint: Made Simple
  • eBook ISBN: 9781483141527

About the Author

Bernard J. Smales

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