Planning for Cotton, 1945-51

Economic History Review, Vol. 43, pp. 62-78, 1990

Posted: 18 Dec 2009

See all articles by John Singleton

John Singleton

Victoria University of Wellington - School of Economics & Finance

Date Written: 1990

Abstract

This paper examines the relationship between the government and the cotton industry in Britain during the 1940s. It argues that governmental attempts to change the structure of the industry and stimulate investment failed because Lancashire had no confidence in its ability to face low wage competition under any circumstances. This did not imply that the industry's leaders were incompetent - on the contrary they had formed the correct interpretation of long-term market trends. The paper also examines cotton's role in the balance of payments crises of 1946-9. The industry's response to the attempt to secure higher production was hampered by the reluctance of female labour to return to the mills after enjoying better conditions in the wartime munitions industry.

Keywords: Cotton, Government, Britain, Invesment, Low-wage competition, Balance of Payments crises, Female labour

JEL Classification: N64, N54, J08

Suggested Citation

Singleton, John, Planning for Cotton, 1945-51 (1990). Economic History Review, Vol. 43, pp. 62-78, 1990, Available at SSRN: https://ssrn.com/abstract=1524019

John Singleton (Contact Author)

Victoria University of Wellington - School of Economics & Finance ( email )

P.O. Box 600
Wellington 6140
New Zealand

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