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The British economy nosedived into total exhaustion of resources, with resource rationing extending to 1956. It was closely intertwined with the French economy
by ihsw2 9y ago
The British economy nosedived into total exhaustion of resources, with resource rationing extending to 1956. It was closely intertwined with the French economy for a century before WW2 and its assets were wholly seized/decimated.
If WW2 went on for much longer then the UK would have descended into universal abject poverty and total societal collapse.
Granted this universal suffering of the populace ushered in the social-welfare state Britain is so commonly known for nowadays, it was nonetheless devastating.
- vkou 9y agoMost rationing in the UK ended in 1950. That total exhaustion of resources happened due to decolonization, and taking on much debt (Much of which was inflated away over the next decade.) As it turned out, the resource shortages didn't matter, either, due to free trade. 1945 to 1960 had the highest rate of economic growth that the UK has ever experienced. [1] https://en.wikipedia.org/wiki/Economic_history_of_the_United_Kingdom#/media/File:Annual_U.K._GDP_Growth,_1948_to_2012.png https://en.wikipedia.org/wiki/Economic_history_of_the_United...