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Grill Stream
225 - Ship of Fools 09.09.22
Sep 12, 2022
This podcast episode covers topics such as the rise of the Dutch Republic and the decline of the Dutch and the rise of the British as global powers, exploring their strategies and adaptations. It also delves into the split between Calvinism and Arminianism, the impact of war on Dutch society, and the power struggles within American society.
01:15:43
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Quick takeaways
- Britain's declining industrial output and chronic trade deficits contributed to its declining position in the world economy.
- The consolidation of banks in Britain helped firms in other countries industrialize and compete with British industry.
Deep dives
Britain's declining position in the world economy
Britain's industrial output declined significantly in the late 19th century, with total US industrial production surpassing Britain's in 1913. Britain accounted for a third of world industrial output in 1870, but by 1913, it only accounted for a seventh. Chronic trade deficits indicated Britain's declining position.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode