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Topic: Business
Number of pages / Number of words: 2 / 529
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For one, more money was invested on projects in foreign countries than at home. This was an economically legitimate response given the greater returns on capital able to be made investing in railroad production in America and other projects elsewhere. Unfortunately, these and other decisions cost Britain her place as the premier economic power, evident in her decreased share in the world market from 40% in 1880 to 30% in 1913...


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Unfortunately, these and other decisions cost Britain her place as the premier economic power, evident in her decreased share in the world market from 40% in 1880 to 30% in 1913. Railroad building throughout the States resulted in unprecedented gains of knowledge in engineering and breakthrough technologies to feed into new industries such as motorised vehicles...


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