Essay on Victorian and Edwardian Economic History

3Victorian/Edwardian Era (Notes) Past Exam Questions 2010: 1) INSTITUTIONS Any industrial decline evident in late Victorian Britain can be attributed to inadequate institutions for financing the development of domestic industry. Discuss. 2) EDUCATION The Englishman’s lack of scientific and technical education has been blamed for the failure to develop new industries and engage in RD in late Victorian Britain. Is it the case that scientific education was deficient and, therefore, problematic for the development of industry? 3) LABOUR PRODUCTIVITY/CROSS-COUNRTY INDUSTRY SPECIALISATION Stephen Broadberry has attributed long-term differences in labour productivity between the UK, USA and Germany over the period 1870-1914 to†¦show more content†¦It is just a residual. MFOS discussion 1. Sectoral Decline of the manufacturing and industry sectors in favour of the service sector. (Problem: requires reweighting of TFP contributions) UK skilled labour = comp. advantage in service sector which did not see a fall in TFP growth. Transport, utilities and communications had faster TFP growth in LV Manufacturing TFP growth only fell from 0.9% to 0.6% Mining (neg), construction and agriculture growth declined significantly. Geographical problems. 2. Edwardian Period Included in MFOS data. Worst performing period. 1901-1907: Ind. Prod/head = -0.8% GDP growth 0.4%, TFP growth = -0.1%. Edwardian era distorts performance of LV period. 3. Labour Changing levels of education and work effort Evidence of Climacteric Decline reduced Relative Comparison USA overtook UK in 1880 for GNP. UK anomalous to be the only country not to converge. Solomou: UK share of world exports 19% - 16% 1872 – 1900. (Level of int. protection?) USA overtook the UK in industrial and manufacturing prod. in the 1920s. Different resource bases. USA had larger endowment of capital/resources, large market demand and expensive labour = possibility for mass production. UK rationally used labour intensive prod. Cheap, skilled labour, workers reluctance to adopt capital/TUs prevented the UK move into ‘new’ industries and use labour intensive prod. instead. 1913: USA the only country in the world to overtake the UK both inShow MoreRelatedThe Sandringham House970 Words   |  4 Pageswas not the same as what it look like at present. More than 3 renowned architects were invited to design and reconstruct this house in history. As time went on and technology developed, almost all elements including style, shape, materials as well as decoration have changed. This part will introduce these variations in details with respect to period. The history of the Sandringham estate could be dated from 1686 when document show its sale by the Cobbe family. 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