Abstract
UNTIL 1914, the industries of Great Britain progressed more or less on an even path, developing on conservative lines and only slowly adopting the inventions resulting from scientific research. The clash of peoples in the War had a violent repercussion on industry: throughout the War, production was pressed to the utmost, there was a free interchange of information, and scientific invention was applied in a hitherto unprecedented manner. Post-War trade has experienced first a boom in 1919–20, then a slump lasting until 1925, followed by another and greater boom lasting to the end of 1929, and by an unprecedented depression from which it is beginning slowly to emerge. During all these periods, science and invention have been applied to industry as never before; there was money available during the boom periods and need for economy in production costs during the slump.
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A., E. Industrial Economics. Nature 133, 153–154 (1934). https://doi.org/10.1038/133153a0
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DOI: https://doi.org/10.1038/133153a0