History of England in the 19th and Early 20th Century Free Essay Example, 1000 words

Just as phase one of industrialization stumbled into self-made depression and crisis, so phase two bred its own difficulties. The years between 1873 and 1896 are known to economic historians, who have discussed them more eagerly than any other phase of nineteenth-century business conjecture, as the Great Depression. (Hobsbawm 1999). Just as phase one of industrialization stumbled into self-made depression and crisis, so phase two bred its own difficulties. The years between 1873 and 1896 are known to economic historians, who have discussed them more eagerly than any other phase of nineteenth-century business conjecture, as the Great Depression. (Hobsbawm 1999). This deceleration of the economy could be attributed to the early pioneering of new and untried technology (Hudson 2001). As according to Hudson, Britain had become the workshop of the world from which its competitors had learned through its various mistakes. As competitors grew stronger and they enter the markets of the empires and caused destabilization through price wars, the British economy had slipped into Weakening of the UK due to wars. The success of the UK in the 19th century was followed by the weakening of the empire s force due to the two World Wards that it was involved. We will write a custom essay sample on History of England in the 19th and Early 20th Century or any topic specifically for you Only $17.96 $11.86/page They, as well as people with special skills that were greatly rewarded such as engineering, comprised the growing middle class in the UK during the 19th and early 20th century. Increased demand resulted from rising incomes particularly for the middle classes and for workers with particular skills such as engineering (Hudson 2001).