Download A Comparative History of Commerce and Industry, Volume II: by David E. McNabb PDF
By David E. McNabb
A Comparative heritage of trade and undefined, quantity II bargains a subjective evaluate of the way the cultural, social and monetary associations of trade and advanced in industrialized international locations to provide the establishment we now comprehend as agency.
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Extra info for A Comparative History of Commerce and Industry, Volume II: Converging Trends and the Future of the Global Market
The only way British firms could complete with German cartels, such as I. G. Farben and Bayer, and protected American companies, such as Du Pont, was if they became large themselves (Robbins 1994). The ICI mergers enabled Britain to compete in the changed environment for chemicals. Another spate of mergers brought together most of Britain’s sugar producers, while they also continued in the brewing and distilling industries. Similar competitive pressures resulted in a merger of Britain’s Lever Brothers with Dutch firms in 1929 to create the Anglo-Dutch Unilever Corporation, producers of a large portion of Europe’s oleomargarine and soaps.
These water wheels were not the great wind-driven engines appearing in Europe about this time, but instead were driven by human or animal power. However, they had a tremendous impact on Japanese agriculture and, eventually, population growth. Water wheels made terracing possible. In turn, terracing of Japan’s mountainous territory brought about great expansion in rice production. Another important change that occurred at about the same time was more intensive use of existing land from introduction of a double cropping system—two crops were grown on the same land.
Old work and management systems were inefficient, while foreign competition, particularly in all of Britain’s old staple industries, was steadily cutting Britain out of markets she once dominated. In addition, work stoppages were becoming endemic. Overall, these factors combined to drive British businesses further into decline. Reinforcing that decline was the precipitous drop in Britain’s exports. Possibly the only encouraging development of the period, coming in 1967, more than 20 years after the end of the war, was when production began in Britain’s newly discovered North Sea gas and oil fields.