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The Great Depression of 1929–32 broke out at a time when the United Kingdom was still far from having recovered from the effects of the First World War. Economist Lee Ohanian showed that economic output fell by 25% between 1918 and 1921 and did not recover until the end of the Great Depression, [3] arguing that the United Kingdom suffered a 20-year great depression beginning in 1918.
Jonah Bloom of Advertising Age said that he believed "very few would take this book too seriously". [1] Michael Henderson, writing for the Daily Telegraph, agreed that the British had on occasion made matters worse in Ireland and Africa, but considered that the United Kingdom had given much to the Enlightenment, the Industrial Revolution, and the age of Romanticism. [2]
At first, British politicians believed it would be possible to maintain Britain's role as a world power at the head of a re-imagined Commonwealth, [195] but by 1960 they were forced to recognise that there was an irresistible "wind of change" blowing.
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The term "The Great Depression" is most frequently attributed to British economist Lionel Robbins, whose 1934 book The Great Depression is credited with formalizing the phrase, [230] though Hoover is widely credited with popularizing the term, [230] [231] informally referring to the downturn as a depression, with such uses as "Economic ...
The UK government went all out to prop up the economy through the Covid pandemic and the initial phase of Russia’s war in Ukraine. Now, the bill is starting to bite.
There is a long history of anti-British prejudice and of specifically anti-English sentiment within Irish nationalism; it is rooted in Irish history starting with the Anglo-Norman invasion of Ireland and, even more so, in the policies and actions of the British government during the prolonged occupation of Ireland including the Great Famine ...
“The problems are so big, the public are so volatile,” Menon says, noting that even with a potentially historic victory, Labour’s support will likely be very shallow. “The whole thing is ...