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The Great Depression in Britain, 1873–1896: a Reappraisal

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  • Musson, A. E.

Abstract

It is nearly a quarter century since H. L. Beales produced his notable article on “The Great Depression.” Since then a great deal of work has been done on that period, especially by economists and statisticians, so that it is now possible to make a fuller assessment of the changes in Britain's economic position during those years. Most of this work has been in the form of specialized articles and books covering longer periods, on such subjects as national income, investment, or terms of trade, and there appears to be a need for some attempt at synthesis, especially as the various interpretations put forward are not always in agreement and are sometimes contradictory. It would be impossible, of course, in a mere article, to settle all the theoretical problems suggested by the facts or to resolve all the divergencies of opinion, but it is worth while to draw the evidence and opinions together in an effort to get a general picture.

Suggested Citation

  • Musson, A. E., 1959. "The Great Depression in Britain, 1873–1896: a Reappraisal," The Journal of Economic History, Cambridge University Press, vol. 19(2), pages 199-228, June.
    • Handle: RePEc:cup:jechis:v:19:y:1959:i:02:p:199-228_10
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    Cited by:

    1. Ciliberto, Federico, 2010. "Were British cotton entrepreneurs technologically backward? Firm-level evidence on the adoption of ring spinning," Explorations in Economic History, Elsevier, vol. 47(4), pages 487-504, October.
    2. Michael D. Edelstein & Robert H. Edelstein, 2020. "Crashes, Contagion, Cygnus, and Complexities: Global Economic Crises and Real Estate," International Real Estate Review, Global Social Science Institute, vol. 23(3), pages 311-336.
    3. Michael D. Edelstein & Robert H. Edelstein, 2020. "Crashes, Contagion, Cygnus, and Complexities: Global Economic Crises and Real Estate," International Real Estate Review, Asian Real Estate Society, vol. 23(3), pages 937-962.
    4. Focacci, Chiara Natalie & Perez, Carlota, 2022. "The importance of education and training policies in supporting technological revolutions: A comparative and historical analysis of UK, US, Germany, and Sweden (1830–1970)," Technology in Society, Elsevier, vol. 70(C).
    5. Ola Honningdal Grytten, 2012. "Financial crises and monetary expansion," Working Paper 2011/21, Norges Bank.
    6. Carlos Marichal, 2014. "Historical reflections on the causes of financial crises: Official investigations, past and present, 1873–2011," Investigaciones de Historia Económica - Economic History Research (IHE-EHR), Journal of the Spanish Economic History Association, Asociación Española de Historia Económica, vol. 10(02), pages 81-91.
    7. Awaworyi Churchill, Sefa & Inekwe, John & Ivanovski, Kris & Smyth, Russell, 2020. "Stationarity properties of per capita CO2 emissions in the OECD in the very long-run: A replication and extension analysis," Energy Economics, Elsevier, vol. 90(C).

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