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Private Life Of the Industrial Revolution: Social Change - History Documentary - Reel Truth History

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Managing Industrial Decline

Philosophy Paperback Historical Books. This item doesn't belong on this page. However, successful entrepreneurs such as Arkwright, Strutt and Peel were perhaps not typical of contemporary businessmen. More representative were individuals such as the Wilsons of Wilsontown Ironworks [4] or the Needhams of Litton [5] whose concerns suffered from serious entrepreneurial shortcomings coupled with gross mismanagement.

Such was the strength of the home and overseas markets, the former benefiting from the coming of railways and gradually rising living standards that entrepreneurs had no great inducement to alter the basic economic structure that had evolved before The absence of any dramatic change in the scale of operations, the relatively slow enlargement of the labour forces of individual enterprises and the close coincidence of firm and plant, meant that the nature of entrepreneurship and the structure of the firm changed little in the middle decades of the century.

However, some firms that traced their origins to the Industrial Revolution were declining in relative importance and some were disappearing altogether.


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The Ashworth cotton enterprises, built up between and by Henry and Edward Ashworth, began their relative decline in the s. The Coalbrookdale Company bereft of managerial guidance when Abraham and Alfred Darby retired in and Francis Darby died in , faltered and was sustained only continuing demand for the products of its foundry. Her merchants, who had once seized the markets of the world, took them for granted; the consular reports are full of the incompetence of British exporters, their refusal to suit their goods to the taste and pockets of the client, their unwillingness to try new products in new areas, their insistence that everyone in the world ought to read in English and count in pounds, shillings and pence.

Similarly, the British manufacturer was notorious for his indifference to style, his conservatism in the face of new techniques, his reluctance to abandon the individuality of tradition for the conformity implicit in mass production. This view of British entrepreneurial failure implied an unfavourable comparison with performance elsewhere, usually in Germany and America.

However, McCloskey [11] found that the British iron and steel masters exploited the potential of world technology before as well as, if not better, than their much lauded American competitors though he was less convinced by the potential of the British coal industry. Is it social and moral, characterized by rising crime rates, urban unrest and sexual permissiveness?

Or is it political and economic, and when in fact did it set in? Skip to Content. Catalogue Britain's decline: problems and perspectives.

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Britain's decline: problems and perspectives Sked, Alan, Published Oxford: Basil Blackwell, Available at Bishop Otter. This item is not reservable because: There are no reservable copies for this title. Please contact a member of library staff for further information.


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