Martin Daunton provides a clear and balanced view of the continuities and changes that occurred in the economic history of Britain from the Great Exhibition of 1851 to the Festival of Britain in 1951.
In 1851, Britain was the dominant economic power in an increasingly global economy. The First World War marked a turning point, as globalisation went into reverse and Britain shifted to 'insular capitalism'.
Rather than emphasizing the decline of the British economy, this book stresses modernity and the growth of new patterns of consumption in areas such as the service sector and the leisure industry.
1. Introduction ; PART I ; The Anatomy of the British Economy ; 2. Aristocrats, agriculture and the land ; 3. Industrialists and the urban economy ; 4. The service economy ; 5. The growth of the British economy ; PART II ; Globalization and Deglobalization ; 6. Free trade and protectionism ; 7. Capital exports ; 8. The rise and demise of the gold standard ; 9. Rebuilding the international economic order? ; PART III ; Poverty, Prosperity and Population ; 10. Births and marriages ; 11. Deaths and disease ; 12. Rich and poor ; 13. Cultures of consumption ; PART IV ; Public Policy and the State ; 14. Taxing and spending ; 15. Education ; 16. From the poor law to the Liberal social reforms ; 17. War, reconstruction and depression ; 18. Building a new Jerusalem
