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After world war 1 Britain has a post-war boom. ... Cotton textiles Lanacashire dominated world market in textiles before ww1.But then after the war we invest a lot of money into machinery in the cotton industry and therefore begin to spend a lot of inappropriate money. 2 reasons why we begin to lose are - (1) other countries begin to produce for themselves - often using machinery (2) other countries begin to protect their markets with tariffs possibly a third - introduction of nylon By 1938 the the total world trade in cotton textiles is now only two thirds of the exports alone for...
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- Grade Level: High School