beyond Britain’s control included decrease in demand at home, unsophisticated capitalization and foreign investments, and inept management. From 1870 forward there was a burgeoning transition of wealth and power facing Britain leading up to both World Wars, when the US emerged as the global power. The decline in Britain can be compared in many ways to the demise of the Phoenicians, Greeks, Tripoli, the Dutch, and Ottomans to cite a few other historically temporal entrepot-trade and seafaring nations…
Words 6315 - Pages 26