The History Of Bristol 's Economy

With reference to organisations or industries that you know, to what extent do you think that recent changes in the UK economy will have inevitably damaged the long-term profits of businesses that operate in this country? (40 marks)

Kenneth Lockridge, A New England Town: The First Hundred Years (New York: W. W. Norton & Company, Inc., 1970)

The UK economy is constantly changing for various reasons such as improvement in medicine and increased globalisation leading to people living longer and the UK economy becoming more diverse culturally. Whether or not it provides an opportunity or a threat to a business will largely depend upon how the management of the business decides to attempt to change because of the change of the demographics.

People who lived during the Industrial Revolution suffered from many hardships with their working and living conditions. The Industrial Revolution started in England due to a high amount of land, labor and money. Although the Industrial Revolution furthered technological advances it lead to a high mortality rate, poor living conditions, overcrowding and more.

The Industrial Revolution in Great Britain did little to improve life for the common people; the Industrial Revolution negated the principle of Utilitarianism as seen through the lack of support given to the middle and lower classes. Although the Industrial Revolution may have provided work for the lower classes, the work required was dangerous and paid next to nothing. The Industrial Revolution also led to the creation of monopolies which prevented Adam Smith’s idea of a capitalist market driven by competition nearly impossible. Industrialization left many people poverty stricken and uneducated. The Industrial Revolution in Great Britain reduced living conditions in Great Britain through income inequality, the degradation of the environment,

The “Ballad of Birmingham is a shocking poem that was written by Dudley Randall about a bombing of an African American church in Birmingham, Alabama in 1963. The bombing of the church was racially motivated and resulted in the death of four innocent African American girls and was the turning point in the United States 1960s Civil Rights Movement. In Dudley’s poem he has taken such a sad event and turned it into a poem showing the racially motivated terrorism that was occurring during that time frame. The poem is written in conversation form between a mother and her daughter where the daughter is asking to go the March on Birmingham and the mother is expressing her concerns about her

Modernisation of the British economy was one of the key priorities for the Labour government. By 1964, it was widely accepted that Britain was lagging behind other countries such as West Germany and Japan. Britain’s economy seemed to be trapped in the cycle of “stop-go”, with

The completely opposite geography of the two regions influenced the economic activities of the people. New England had rocky soil and a short growing season. On a different note, it had deep harbors and easily navigable rivers. This led to the development of farms and a great interest in sea trade. In addition, forests and good fishing grounds made ship building and fishing booming industries. In Virginia rich, fertile soil and a long growing season led to the creation of a plantation based economy. When the easiness and versatileness of tobacco growing emerged, it became the cash crop of Virginia and spiked a large growth in the number of plantations. In addition, with the need for cheap labor to take on the back breaking work of cultivation,

to have a certain amount of land and as Kings Weston has 60 acres of

The Pool of London, the stretch of the Thames that helped London become an economic powerhouse for several centuries, is largely free of the great ships it once cradled. Shipping from the continent and beyond no longer ends or begins here. Instead, mid-sized cruise ships,

Between 1820 and 1860 the American economy prospered as it industrialized and experienced a doubling of its per capita income and a 2% growth in its real per capita output. (Nash, et al., 2007., p. 282) One contributing factor to this growth was the influence of Great Britain’s industrial revolution and also it’s textile industry’s demand for southern cotton. (Nash, et al., 2007., pp. 283, 312) The demand that many European countries had for southern cotton not only induced a significant expansion of slavery, which soared from 1.5 million in 1820 to 4 million by 1860, but also made the southern United States the largest producer of cotton in the world and represented more than half of the nation’s exports. (Nash, et al., 2007., pp. 312 ,315)

The period of 1952-1963 was in the heart of what is known as ‘the golden age ', which saw wide scale growth of GDP and investment in Western Europe. The distinguishing features of the post war period as identified by Matthews was of full employment, chronically rising prices, an abnormal ratio of domestic investment to income and relatively high growth in income per capita by historical standards. In this epoch of British history government policy principally tried to manage the level of inflation, the balance of payments, the level of investment, the rate of growth and the level of employment. The tools available to the government can broadly be divided into two categories manipulating the level of

How the structure of the UK economy has evolved and changed since the 1970’s, the impact on organisations and HR functions

Only a few OECD countries, if any, are as dependent to such an extent on one single branch of activities as Luxembourg is on its financial services industry. Since years it has been the principal growth engine of the economy. It is not only fuelling employment, but also activities linked to corporate services. In the last decade, the dynamism of fiscal revenues coming from the sector contributed to financing the expansion of the public sector and a solid short term budget situation has been realised (OECD, 2008, p.52). This Thesis will examine the question whether the Luxembourgish economy is too dependent on the financial services industry. Furthermore, it is going to measure the contribution coming from the sector to the national economy. The objective is to find out to what extend the economy depends on the financial sector. To reach this, this Thesis will first give an overview of the Luxembourgish economy and analyse its international competitiveness. Then, it is going to explain how the country evolved to becoming a financial centre and it is describing the financial centre we can see today. After being well informed about the economy and the financial services industry, the research is going to measure the direct impact on the economy coming from the industry, in terms of contribution to GDP, to national employment, to fiscal revenues, to national production and to the trade balance. Finally, the conclusions based on the results obtained will give an answer to the

List of abbreviations List of tables Acknowledgements Abstract 1. 2. 3. 4. 5. 6. 7. 8. Introduction Problem statement Objectives and hypothesis of the study Literature review Structure and performance of the financial sector in