Coal, the fuel once vital to the british economy, has continued to decrease in importance compared with its peak year of 1913, when more than one million workers produced more than 300 million tons, current output has fallen by more than four-fifths, with an even greater reduction in the labour force. Pat hudson looks at the forces that made britain the workshop of the world and explains why this industrial dominance lasted such a short time on this page the transformation of the economy.
The united kingdom, where the industrial revolution began in the late 18th century, has a long history of manufacturing, which contributed to britain's early economic growthduring the second half of the 20th century, there was a steady decline in the importance of manufacturing and the economy of the united kingdom shifted toward services.
In national 5 history learn about the boost to scotland’s industries and economy during the first world war and how they declined afterwards industry and economy britain depended on. The economic history of the united kingdom deals with the economic history of england and great britain from 1500 to the early 21st century (for earlier periods see economy of england in the middle ages and economic history of scotland .
Progress and poverty: an economic and social history of britain 1700-1850 by m j daunton (oxford university press, 1995) - the most up to date textbook on the economic history of the period. The economic history of the united kingdom deals with the economic history of england and great britain from 1500 to the early 21st century (for earlier periods see economy of england in the middle ages and economic history of scotland. The economic history of britain since 1870 readings for 2013-2014 (preliminary draft) all readings except broadberry and harrison are available online.
United kingdom - economy: the united kingdom has a fiercely independent, developed, and international trading economy that was at the forefront of the 19th-century industrial revolution the country emerged from world war ii as a military victor but with a debilitated manufacturing sector. The construction industry of the united kingdom contributed gross value of £86 billion to the uk economy in 2011 the industry employed around 22 million people in the fourth quarter of 2009. In the early 1860s, an estimated one-fifth of the workers in britain’s textile industry were younger than 15 industrialization also meant that some craftspeople were replaced by machines.
The jute industry, based in dundee, collapsed after the war and thousands of people lost their jobs jute is a plant grown mostly in bangladesh, which at the time was part of india and the british. The service sector dominates the uk economy, contributing around 80% of gdp the financial services industry is particularly important, and london is the world's largest financial centre britain's aerospace industry is the second-largest national aerospace industry. Cotton was 'king' in the plantation economy of the deep south the cotton economy had close ties to the northern banking industry, new england textile factories and the economy of great britain.