The Economic History of Steelmaking, 1867-1939: A Study in Competition

By Duncan Burn | Go to book overview

Chapter XV
'THE BLACK DECADE' 1921-1931

1. THE RETURN OF COMPETITION

As 1920 closed, the flow of exports from Britain dwindled and imports flooded in. Less than 200,000 tons of iron and steel left in December, 160,000 tons came in. Throughout the next year it was the same story, and in tonnage the imports over the year, coming mainly from the Continent, were a bare 50,000 tons below the exports. In value there was a great difference; but the pre-war situation was visibly returning, and from this time on, though the balance occasionally turned more favourably, it became increasingly manifest that the degree of change which had occurred in the industry--a characteristic compromise, the apologist might suggest--was quite inadequate to restore the competitive strength of common-grade steelmaking in Great Britain. The handicaps under which it had been expected that the Continent would labour proved lighter than had seemed likely, while the old advantages were amplified and augmented.

Table XXIX gives the export statistics up to 1931. If they are compared with the pre-war figures it is to be borne in mind that, by the provisions of the Peace Treaty, Lorraine and part of Upper Silesia were permanently separated from Germany, and the Saar temporarily, while Luxemburg was to remain outside the German customs union. But all these areas had free access to the German market for five years, and in those years and subsequently have exported much to Germany: such trade did not figure in the pre-war figures. While this was not negligible, it does not affect the general bearing of the figures.

By 1922 the Continental exporters had, as a group, almost their pre-war share of the export trade. They lost ground in 1923 mainly on account of the policy of passive resistance during the occupation of the Ruhr; but in 1925, when the total trade had for the first time passed the pre-war figure, they had

-393-

Notes for this page

Add a new note
If you are trying to select text to create highlights or citations, remember that you must now click or tap on the first word, and then click or tap on the last word.
One moment ...
Project items

Items saved from this book

This book has been saved
Highlights (0)
Some of your highlights are legacy items.

Highlights saved before July 30, 2012 will not be displayed on their respective source pages.

You can easily re-create the highlights by opening the book page or article, selecting the text, and clicking “Highlight.”

Citations (0)
Some of your citations are legacy items.

Any citation created before July 30, 2012 will labeled as a “Cited page.” New citations will be saved as cited passages, pages or articles.

We also added the ability to view new citations from your projects or the book or article where you created them.

Notes (0)
Bookmarks (0)

You have no saved items from this book

Project items include:
  • Saved book/article
  • Highlights
  • Quotes/citations
  • Notes
  • Bookmarks
Notes
Cite this page

Cited page

Style
Citations are available only to our active members.
Sign up now to cite pages or passages in MLA, APA and Chicago citation styles.

(Einhorn, 1992, p. 25)

(Einhorn 25)

1

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Cited page

Bookmark this page
The Economic History of Steelmaking, 1867-1939: A Study in Competition
Settings

Settings

Typeface
Text size Smaller Larger
Search within

Search within this book

Look up

Look up a word

  • Dictionary
  • Thesaurus
Please submit a word or phrase above.
Print this page

Print this page

Why can't I print more than one page at a time?

Full screen
/ 548

matching results for page

Cited passage

Style
Citations are available only to our active members.
Sign up now to cite pages or passages in MLA, APA and Chicago citation styles.

"Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn, 1992, p. 25).

"Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn 25)

"Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences."1

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Cited passage

Welcome to the new Questia Reader

The Questia Reader has been updated to provide you with an even better online reading experience.  It is now 100% Responsive, which means you can read our books and articles on any sized device you wish.  All of your favorite tools like notes, highlights, and citations are still here, but the way you select text has been updated to be easier to use, especially on touchscreen devices.  Here's how:

1. Click or tap the first word you want to select.
2. Click or tap the last word you want to select.

OK, got it!

Thanks for trying Questia!

Please continue trying out our research tools, but please note, full functionality is available only to our active members.

Your work will be lost once you leave this Web page.

For full access in an ad-free environment, sign up now for a FREE, 1-day trial.

Already a member? Log in now.