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" "Between 1950 and 1952 the volume of British exports fell by 5 per cent (rearmament again), while German exports rose by over 50 per cent and American exports by about 20 per cent. In just those two years Britain's share of world trade in manufactures dropped from 26 per cent to 22 per cent. By the end of 1954 it was down to just over 20 per cent. In 1955 American exports of manufactured goods rose by about 9 per cent by value, Germany's by 18 per cent, Japan's by 27 per cent – and Britain's by 7 per cent.
Correlli Douglas Barnett (28 June 1927 – 10 July 2022) was an English military historian, who also wrote works of economic history, particularly on the United Kingdom's post-war "industrial decline".
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The war embraced infinitely complex elements and motives. The most important single one of those elements was the struggle for power in Europe, and the world. Between 1870 and 1914 Britain and France had been stagnant and declining in comparative industrial vigour. They nevertheless owned great territories and enjoyed vast traditional overseas markets. Germany...had been comfortably and steadily taking over the markets before 1914; she would have liked the possessions as well. No wonder France and Britain had been so much in favour of defending the political status quo. Yet, as the endless surges and recessions of power throughout history indicate, a fixed status quo is an absurdity because static. The problem of the world of nation states before 1914 was the eternal problem of continually adjusting political structure so that it always fits and expresses the reality of power.
It was the grimmest legacy ever inherited by an English Prime Minister; a situation probably beyond remedy even by statesmanship of the most far-sighted and cool-headed genius. The first and urgent question, the question which filled the minds of War Cabinet and nation alike, was whether the United Kingdom itself could for long survive in the face of the immensely powerful forces, elated with victory, which were gathering just across the narrow seas; or whether the swastika would fly above the Houses of Parliament and on the church towers of the English countryside, and the boots of a foreign conqueror stand on the soil of England for the first time since the Middle Ages.
It was a time for former moralising internationalists either to repent, or skulk behind the armed forces they had sought so devotedly to dismantle. For this was the hour, an hour too long delayed, when England returned to herself; when English policy once again spoke in broadsides instead of sermons. To the world's astonishment, the nation which had allowed itself to be represented by – which had even seen itself mirrored in – men like Baldwin, MacDonald, Henderson, Simon, Chamberlain, reverted of a sudden to its eighteenth-century character, hard as a cannon.
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Nor, except in the garden or allotment or on the sports field, did Britons generally evince an eagerness for strenuous effort. A journalist with the British Army advancing into the heart of Germany in April 1945 noted: "It occurs to me that the Germans are a menacing race by reason of their docility and their ability to toil. No man ought to love work as they do – it's indecent, certainly uncivilised. We English don't love work in this slavelike way, and thank God for it." And a week later the same journalist, J. L. Hodson, confided to his notebook that the reason why the British were unable to maintain hatred for long was their temperament was "too lazy, too indifferent, too good-natured".