How Did Britain Lose Her Industrial Dominance

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During the late nineteenth century Germany and the USA began to overtake Britain’s industrial dominance, Eric Hobsbawm believes that ‘it is not surprising that Britain was unable to maintain the extraordinary position as workshop of the world’. This is due to a number of factors such as, more railways in other countries, decline in exports compared to other nations, the British government followed a policy of free trade and the production of materials like steel in Germany and the USA was far greater than what the British produced. However, even though other nations began to industrialise and catch up with Britain, she still remained a leading industrial power. This is because Britain was still in the world’s top three economies, exports were high during the 1870s also Britain …show more content…

In 1871 the German population had risen by 59% to 40 million people whilst the British population was at 31.6 million people . This shows that Britain did lose her industrial dominance because with her rivals having larger populations than her meant that her rivals became more productive and by having a bigger population more goods can be produced. Both Germany and the USA are far bigger nations than Britain. This is factor in why Britain lost her industrial dominance because a bigger nation meant more resources which were vital for industrialisation. This led to a decline in Britain industrial dominance because larger nations with more resources did not need to import as many raw materials from other countries and this affected British exports. Furthermore, by having more resources meant that countries like Germany and the USA could exploit them and use them to make more industrial goods which in turn led to Germany and the USA catching up with Britain and producing and exporting more than

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