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Essay / Research Paper Abstract
This 9 page paper is written in three parts. The first part examines the history of nationalisation and privatisation in the UK from 1926 to present day. The second part of the paper examines the general economic arguments for and against privatisation. The last part of the paper assesses the success of privatisation by examine the cases of British telecom (BT) and British Rail. The bibliography cites 7 sources.
Page Count:
9 pages (~225 words per page)
File: TS14_TEprivatis.rtf
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Unformatted sample text from the term paper:
be traced back many decades. We see the railways put under government control during both world wars but this is not the origins of nationalisation following the First World War.
In the years following the war the railways were returned to private control, but there was also a period of strife which resulting in the General Strike in 1926. There
were attempts to turn this into a class war, but this did not succeed, however with the industrialists eventually winning there was the development of calls for nationalisation to prevent
such disputes in the future. The economic performance of the economy is the years following 1926 was harsh, in the next few years there was a global recession, which
meant investment in industry was limited, followed by the Second World War which also placed a strain on the economy. In the years following the Second World War many
industries were suffering form lack of investment and facing potential failure. There was also a high nationalistic feeling, so the nationalisation of industries was politically acceptable, it can also be
argued credibility that I f nationalisation had not taken place and the industries brought back up to standard with investment at this time, they would not have existed later to
be re-privatised (Currie and Cubbin, 2002). The pattern of nationalisation begins in earnest when at the end of the Second World War the Labour government win power in 1945.
The first of the privatisations occur the next year, with the Bank of England and the Coal industry privatised. In 1947 the transport systems, and the electric industry was all
nationalised. In 1948 we see the beginning of health services nationalised as part of the creation of the National Health Service, this was to continue into later years. In 1949
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