II.The Recent History of the UK Economy Absolute decline of the UK economy:Britain used to be second only to the United States in the international economy and dropped to the sixth,which indicates some sort of absolute decline Relative decline of the UK economy:from 1945 until the present, Britain is usually thought of as one of relative decline.In fact,it has been a period of steady economic growth and rapidly increasing living standards.It remains one of the Group of Seven large industrial economies.It became more wealthier and more productive than it was in 1945,but other countries developed more rapidly
II. The Recent History of the UK Economy • Absolute decline of the UK economy: Britain used to be second only to the United States in the international economy and dropped to the sixth, which indicates some sort of absolute decline. • Relative decline of the UK economy: from 1945 until the present, Britain is usually thought of as one of relative decline. In fact, it has been a period of steady economic growth and rapidly increasing living standards. It remains one of the Group of Seven large industrial economies. It became more wealthier and more productive than it was in 1945, but other countries developed more rapidly
II.The Recent History of the UK Economy .Causes for the relative decline: heavy debt to finance the war; the end of the British Empire; burden with the huge military expenditure; lack of the investment in modern equipment and new products
II. The Recent History of the UK Economy • Causes for the relative decline: - heavy debt to finance the war; - the end of the British Empire; - burden with the huge military expenditure; - lack of the investment in modern equipment and new products
The UK Had Gone Heavily into Debt in Order to Finance the War 1941 Eton College in London was British infantry land in Normandy bombed during WWⅡ
The UK Had Gone Heavily into Debt in Order to Finance the War 1941 Eton College in London was bombed during W W II. British infantry land in Normandy
India Gained Its Independence in 1947 Indian Independence Day
India Gained Its Independence in 1947 Indian Independence Day
Britain Still Maintains an Expensive Military Presence Overseas British Army Apache helicopters were deployed in Libya to aid the rebel cause
Britain Still Maintains an Expensive Military Presence Overseas British Army Apache helicopters were deployed in Libya to aid the rebel cause