Cars on the production line at the Talbot factory in London in the 1930s.
In the early 1920s, the British economy was heavily committed to the older staple products, such as coal, iron and steel and shipbuilding. Structural change was slow and Britain was losing its competitive edge. Manufacturing output reached an all-time low during the depression of 1929-1932 but recovered thereafter.
Search using Rationalisation British Overseas Airways Corporation Safeguarding of Industries Act
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