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The National Coal Board

In: Industrial Relations in the Coal Industry

Author

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  • B. J. McCormick

Abstract

The coal mines were nationalised because the miners were no longer prepared to work for the private coal-owners. Various reasons could be found to account for the nationalisation of the mines, but it was the miners’ attitude that was fundamental. It was also argued that the industry was technologically backward and that only state ownership would guarantee the right amount of investment but that argument presupposed that in the interwar years the capital market was wrong in directing investment away from the coal industry despite its obvious unprofitability.

Suggested Citation

  • B. J. McCormick, 1979. "The National Coal Board," Palgrave Macmillan Books, in: Industrial Relations in the Coal Industry, chapter 2, pages 47-60, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-03946-3_2
    DOI: 10.1007/978-1-349-03946-3_2
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