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Plenty and Want, 3rd Edition by John Burnett, Proffessor John Burnett

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9

High living

 

 

 

The characteristic feature of the English economy in the period from the Great Exhibition down to the outbreak of the First World War was continuing industrial expansion and increasing wealth for those who owned and controlled the means of production. Agriculture, the most basic and traditional industry, remained highly prosperous until the depression of the 1880s, when foreign competition began to shatter the near-monopoly of food supply which the English farmer had previously enjoyed: thereafter, the territorial aristocracy ...

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