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The British Economy Recession - Essay Example

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This research paper “The British Economy Recession” analyzes the reasons for the British economy recession in the 20th century. During the whole 20th century there were three main reasons for the country’s decline that could be named. The first reason refers to the very beginning of the century…
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The British Economy Recession
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"The British Economy Recession"

Download file to see previous pages It can be explained by the fact that these countries have more favorable natural resources than the UK. Up to World War Germany had been following its own policy of imperialism and that is why it nearly stopped any relations with the UK. Despite the above-mentioned facts, the UK was still doing not very badly. The War ruined all spheres of the UK industry. It did destabilize the British economy for a long period of time.
The plants and factories both in town and in the suburbs were regularly bombarded and eventually, it lead to the decline of the UK economy. Participating in the War made the UK lose the quarter of the country’s wealth. The decline of manufacture brought about the total unemployment and strikes of complaints. The unemployment was spread among women and those men who were not involved in battles. Those enterprises that were not ruined closed down because they even didn’t cover their expenses. People in those times didn’t have money to develop the majority of branches of the manufacturer. The only spheres that managed to survive and even got some profit was the food manufacture and the military one. During the War, these products became of prime importance.
Although the manufacturer in the UK was in recession, London still played the role of the world main financial center. I accumulated the accounts dealing with military forces and other spheres. For performing the function of the World Bank the UK, surely, charged the percentage and that donation allowed it to proceed to participate in the battles.
People unsatisfied with the political and economic situation united in General Strike that aimed to demand the increase of the standards of living. The authorities managed to suppress the Strike and those people who participated in it were blacklisted and could not be hired for very long after the strike.
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