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The industrial depression
Study Sources A to D carefully and then answer the questions that follow.
Source A: Cartoon in Punch, 1896, entitled ‘Caught Napping’
Source: Punch, 1896
In Sources B, C and D, three modern economic historians write about the causes and nature of the depression.
Source B:
It might be questioned whether all Britain’s losses can be attributed simply to the emergence of new industrial competitors; perhaps they stemmed from internal deficiencies. A country whose industrial structure is too narrowly based on a few traditional industries is obviously going to be more restricted as regards trading opportunities. Source: D. H. Aldcroft, The Development of British Industry and Foreign Competition, Allen & Unwin, 1968. |
Source C:
If Britain was behind the times in technique and methods of production, she was even further behind the times in her selling methods... a frequent complaint was scarcity of British trade representatives abroad... poor packing of goods and inadequate credit facilities. Source: D. H. Aldcroft and H. W. Richardson, The British Economy 1870-1939, Macmillan, 1969. |
Source D:
It is important to remember, however, that Britain retained a wide lead in many industrial sectors to 1914. Most of these had their roots in the industrial revolution; cotton textiles and textile machinery, heavy machine tools, locomotives, ships and steam-engines. Source: S. B. Saul, The Myth of the Great Depression 1873-1896, Macmillan, 1985 edition. |