HIST 386 Lecture : 20th Century Britain HIST 386.docx
Document Summary
Office hours: monday 11:30-12:30, wednesday 4:00-5:00, leacock 613. Key terms sheet posted the day before each lecture. Worlds only superpower i. e. it could bring its power to bear more effectively and more widly than any other country largest empire ever (1/4 world pop) largest navy largest merchant navy. City of london was the greatest financial center of the world the world economy turned on london and was based on the pound sterling. Organized around free trade and an international division of labor less than 10% in the labor force of the work force in britain was involved in agriculture. ***free trade, international division of labour, massive importation of food stuffs, massive exportion of manufactured good, good proportion of world trade carried by british navy and british financial district. However this was a time of decline for britain 1880 had 90% of the world manufacturing output, by 1914 it has only 14%
