How Important Was the Decline of Britain’s Staple Industries in Explaining the Industrial Unrest of the Period Between 1918-1929? Essay

907 WordsMay 1, 20134 Pages
How important was the decline of Britain’s staple industries in explaining the industrial unrest of the period between 1918-1929? The quick decline of the staple industries had a huge effect among Britain, it accounted for almost half of Britain’s total out put, a quarter of employment and three quarters of exports before 1914. Through out 1920’s unemployment remained at about 10- 20%of an insure workforce where as Britain’s share of the world export trade fell from 18-11% and a drop in value also in overseas investments, which of course left Britain struggling to pay for imports. London was no longer the undisputed financial capital of the world and as the US replaced Britain as the world money lender, the US dollar displaced the pound as the world’s major currency. However there were a few positive developments along side the bad, for example in the 1920’s new industries were introduced of the second industrial revelation, electrical goods, chemicals and motor car production through the mid 20’s was higher by three times than its year of 1914, these where among the products and services that Britain Introduced in an effort to revitalise and flourish Britain’s industries. The central Electricity generating board was also introduced in 1926 allowing a flexible system for transmitting electricity around d the country, enabling industries to perform better and an easier flow of communication to be used among traders. It can also be seen as an attempt to make Britain look as though its an evolving empire with an ability to perform well, in order to increase trade. But more to the point these positive developments though they may seem influential did not prevent Britain from industrial unrest. The coal mines where the worst among the injury and death rate due to dangerous working conditions, with a poor amount of volunteers for jobs there it left Britain with a

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