Chapter

Business and Finance, 1780–1945

Philip Ollerenshaw

in Ulster Since 1600

Published in print November 2012 | ISBN: 9780199583119
Published online January 2013 | e-ISBN: 9780191744822 | DOI: http://dx.doi.org/10.1093/acprof:oso/9780199583119.003.0012
Business and Finance, 1780–1945

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Between the later eighteenth century and the end of the Second World War, Ulster experienced not only its most rapid rates of industrialisation but also (after 1920) its most severe structural economic problems. In important respects these problems have endured to the present day. In Ulster, as in some other industrialising regions such as north-west England and west of Scotland, linen and cotton were crucial to the development of factory-based industry. Belfast emerged as a major UK centre of industry, trade and finance with some large, globally-connected enterprises and a whole host of small and medium sized firms in both manufacturing and services. The regional economic base, and the wider UK economy of which it was a constituent part, faced unprecedented challenges between the wars as unemployment and low incomes presented the new devolved government in Belfast with a range of difficulties, most of which it was impossible to overcome

Keywords: industry; linen; cotton; Belfast Chamber of Commerce; global; unemployment; structural change; banking; finance; factory

Chapter.  8519 words.  Illustrated.

Subjects: Early Modern History (1500 to 1700)

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