Wales Economic Barometer - Dissertation Example

Wales has a long and noble past dating back to its origination in 400 AD. According to 2000 estimates, the population of Wales is approximately 2,946,200 with a population density of almost 141.8 people living per square kilometer. Its total land mass consists of 20,799 square kilometers (“Wales general 2006, screen 1). South Wales itself contains the capital, Cardiff and several other Welsh cities including Newport and Swansea. South Wales also contains the ‘valley’ region of Wales long noted for its mining regions of past.

As Wales entered the 20th Century the industrial revolution was at its height. However, the time period also saw widespread strikes throughout the region of South Wales. “The century opened with one of the longest disputes in British history - the three-year strike at the Penrhyn Quarry in Bethesda “ (“Welsh timeline: industrial” 2006, screen 1). Although this was an often bloody period of time, the militancy of the era led to a minimum wage for workers being established.

The coal fields of South Wales were an economic boom for the region. Coal was being exported at an ever-increasing rate. “The over-reliance of the Welsh economy on coal production, already apparent in 1913, was worsened by the huge coal boom of 1919-21, precipitating the depression of the interwar years” (“Welsh timeline: Wales” 2006, screen 1).As Britain entered World War I much of the unemployment disappeared as many of the Welsh men available fought during the war. The demand for coal was waning and South Wales fell into a deep depression leading to rampant unemployment and a great deal of political unrest in this portion of the UK.