the meanwhile, shipping build ing developed very fast in America and Japan. Thus, Britain lost her sea power, which she had dominated for more than 100 years 2)The decline of the foreign trade The total volume of world trade declined following the great War. Because nations traded less with each other, unemployment grew. Moreover, during the war, American and Japanese manufacturers seized the opportunity to capture the markets, which had been British preserves. After the war, Britain felt it difficult to recapture the markets. As a result, Britain's foreign trade decreased 50% as compared with that before the first World War 3 A debtor from a creditor When the war was over, Britain had lost 10,000,000 people and had spent all her wealth. She had borrowed 1.000 million dollars from the United States during the war This caused Britain to become a debtor nation. The city of london had lost its prestige as the worlds leading banker. London was consequently replaced by New York as the world 's lead ing banking center 4)The independence of British color After the First World War, British government had taken over the former German's colonies and the former Turkish Empire's territories such as Iraq, Palestine Yet, the colonial peoples, who were encouraged by the Russian revolution of 1917, became awakened and carried heroic struggle to win their independence. Colonial national liberation movement was on upsurge in the British Empire Britain's economy was greatly influenced by the two world wars although it is one of the winner states. Yet, the period between 1945 and now has been a period of steady economic growth and rapidly increasing living standards.(P55, the first After the Second World War, Britain was confronted with tense competition in overseas markets. It had to reorganize its production industries to meet the challenge A number of industries such as aerospace, chemicals, oil, gas and electronics have gained strength while trad itional industries such as textiles, steel and ship-building contracted. Britains rate of economic growth has been low in comparison with that of most other industrialized countries Thus, after the Second World War, Britain was in an unfavorable position as far as its economy is concerned. (P55, the second paragraph. Reasons for say ing that the UK was declining.) 1)Being in debt; 2)The end of the empire 4)A catching-up by germany and Japan;16 the meanwhile, shipping building developed very fast in America and Japan. Thus, Britain lost her sea power, which she had dominated for more than 100 years. 2) The decline of the foreign trade The total volume of world trade declined following the Great War. Because nations traded less with each other, unemployment grew. Moreover, during the war, American and Japanese manufacturers seized the opportunity to capture the markets, which had been British preserves. After the war, Britain felt it difficult to recapture the markets. As a result, Britain’s foreign trade decreased 50% as compared with that before the First World War. 3) A debtor from a creditor When the war was over, Britain had lost 10,000,000 people and had spent all her wealth. She had borrowed 1,000 million dollars from the United States during the war. This caused Britain to become a debtor nation. The city of London had lost its prestige as the world’s leading banker. London was consequently replaced by New York as the world’s leading banking center. 4) The independence of British colonies After the First World War, British government had taken over the former German’s colonies and the former Turkish Empire’s territories such as Iraq, Palestine. Yet, the colonial peoples, who were encouraged by the Russian revolution of 1917, became awakened and carried heroic struggle to win their independence. Colonial national liberation movement was on upsurge in the British Empire. Britain’s economy was greatly influenced by the two world wars although it is one of the winner states. Yet, the period between 1945 and now has been a period of steady economic growth and rapidly increasing living standards. (P55, the first paragraph) After the Second World War, Britain was confronted with tense competition in overseas markets. It had to reorganize its production industries to meet the challenge. A number of industries such as aerospace, chemicals, oil, gas and electronics have gained strength while traditional industries such as textiles, steel and ship-building contracted. Britain’s rate of economic growth has been low in comparison with that of most other industrialized countries. Thus, after the Second World War, Britain was in an unfavorable position as far as its economy is concerned.(P55, the second paragraph. Reasons for saying that the UK was declining.) 1) Being in debt; 2) The end of the empire; 3) Large military spending; 4) A catching-up by Germany and Japan;