British Capitalism at the Crossroads, 1919-1932: A Study in by Robert W. D. Boyce
By Robert W. D. Boyce
Within the aftermath of the 1st global warfare British politics have been subordinated to the target of reconstructing a multilateral alternate and funds process. This determination has to be understood because the results of the unusual constitution of British capitalism in which mercantile and monetary job instead of production supplied the center of wealth of the dominant neighborhood. For a decade, Britain made a sign contribution to the recovery of multilateralism. With the realm at a turning-point in 1928, British coverage remained dedicated to reform via multilateral motion, quite as soon as the Labour social gathering resumed place of work. however the useful impression of coverage was once the other of that meant. Dogmatic competition to all second-best possible choices helped force all nations, Britain integrated, clear of internationalism in the direction of a slim nationalism and monetary protectionism. The account leads to 1932 while Britain embarked upon an lively imperial coverage whereas the remainder of the area headed in the direction of one other conflict. utilizing a variety of fundamental assets, the writer offers an account which integrates the commercial, political and diplomatic occasions of the interval.
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Extra info for British Capitalism at the Crossroads, 1919-1932: A Study in Politics, Economics, and International Relations
44 He was the practical man, who approached politics the way he ran his union: like a business, for the benefit of its members. 45 This did not make 'our Jimmy' any the less popular in the party, for among rank and file supporters the crown andflagwere potent symbols, and doubtless the great majority agreed with him that the working people having largely built the Empire, they could be trusted to run it. Few were aware that his ideological blindness had landed him in very questionable company, and that his drinking and gambling were becoming serious problems.
48 It was also more than comparatively rich. 49 The commercial centre was the City of London, where more fortunes were made than in the whole of industry. Merchants and bankers required little in the way of physical plant and generally shunned ostentation, preferring to operate behind plain brass numberplates in an inverted display of success. 50 A combination of factors had led the City to become a centre of international markets, dependent only slightly upon the nation's economic performance.
During the 17 18 British capitalism at the crossroads, 1919-1932 war he accepted office in the government, the first party member to do so. In 1917, however, he came round to the view that a negotiated peace and a 'Federation of Nations' were essential for the future of the world, a conviction he held to thereafter. 46 After the war he served as secretary of the Second International (renamed the Labour and Socialist International in 1923). But though he used the language of socialism when the occasion demanded, it meant little more to him than the brotherhood of working men.