Economic Concern And External Competition Flashcards
1
Q
Between 1870-1914 where were GB overtaken
A
Overtaken by Germany and US in steal and Iron ouput
2
Q
How did the rate of growth impact Britain’s world position
A
Slower rate then the US, and share of worlds exports declined
3
Q
What grew and was a concern
A
Imports grew faster then exports, meaning a trade gap deficit.
