Cultural Histories & Theories Essay Example | Topics and Well Written Essays - 2000 words

Cultural Histories & Theories - Essay Example(Musson, 159)Britain, the centre f a world-wide empire, the greatest free- barter market, drawing on the complete globe for foodstuffs and raw materials and still also the largest exporter f manufactures, was the hub f world sea-borne trade in the period before 1913 about 40 per cent f that trade was with the UK, and over half f it was carried in British ship. Thus British shipyards had huge home and overseas markets.Expansion f production and trade was accompanied by changing industrial organization. Though many combined firms existed, were generally more bigger than woollen mills. The traditional small West move clothiers and the associated cloth-halls were declining, with the development f larger-scale factory and mercantile organization and more direct trading relationships, though small firms and mills still abounded.However, the real problem, in fact, was that f developing new industries alongside the old, while the latter still continued to grow profitably. It appears, however, that there were plenty f savings and capital resources that might necessitate been used for new industrial developments. British overseas investments or capital exports continued to grow prodigiously.Cotton is still the biggest manufacture in textile industry. (Sykas 2007) In the 1907 Census f Production, the labour force in spinning and weaving factories increased from 331000 in 1850 to 577000 in 1907, while production and trade rose much more, as indicated by the figures f raw cotton consumption and exports. Mechanization was carried further, not only with more mules, spindles and power-looms but larger, faster-running and more efficient machines, driven by more powerful and economical steam-engines. Fixed capital therefore grew more rapidly than the number f worker, and productivity increased, especially in the first half f this period.