What are the reasons why at the end of the 19th century there was a significant decline
April 5, 2021 | education
| What are the reasons why at the end of the 19th century there was a significant decline in the development of industry in Great Britain?
You can name the following reasons:
1) Lack of resources and funds to upgrade industrial equipment;
2) The fall in the competitiveness of English goods;
3) The export of capital from the country began;
4) The ruin of the English farmers due to the import into the country of cheaper goods from the colonies;
5) The existence of duty-free trade;
6) Preservation of family businesses.
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