Abstract
Commenting on the years 1873–86 the Royal Commission on the Depression in Trade and Industry attempted to identify the malaise which they believed existed in the British economy. ‘While the share of the aggregate wealth produced in the country which now falls to labour is larger than it was twenty years ago, a corresponding diminution has taken place in the share which now falls to capital: in other words while wages have risen profits have fallen.’
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Further reading
S. B. Saul, The Myth of the Great Depression (1969);
D. H. Aldcroft & H. W. Richardson, The British Economy 1870–1939 (1969);
P. L. Payne, British Entrepreneur ship in the Nineteenth Century (1974);
A. L. Levine, Industrial Retardation in Britain 1880–1914 (1967);
D. Aldcroft, The Development of British Industry and Foreign Competition 1873–1914 (1968).
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© 1980 Neil Tonge and Michael Quincey
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Tonge, N., Quincey, M. (1980). Depression and Decline? The British Economy 1870–1900. In: British Social and Economic History 1800–1900. Documents and Debates. Palgrave, London. https://doi.org/10.1007/978-1-349-04991-2_10
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DOI: https://doi.org/10.1007/978-1-349-04991-2_10
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