British Economy after WW1 - Fear of The Bolshevik Brit I THE GREAT WAR 1921
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The cost - in men, materiel and GDP - for the First World War was immense for Great Britain. And the returning soldiers wanted their share after being sent to die for their country. This explosive situation led to a series of Labour led strikes between 1919 and 1921 and changed the political and economic landscape of Great Britain.
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» SOURCES
Barclay, Gordon, “‘Duties in Aid of the Civil Power’: The Deployment of the Army to Glasgow, 31 January to 17 February 1919”, Journal of Scottish Historical Studies, 38(2) (2018)
Church, Roy A & Outram, Quentin, Strikes and Solidarity: Coalfield Conflict in Britain 1889-1966, (Cambridge : Cambridge University Press, 2002)
Church, Roy A, Outram, Quentin & Smith, David N, “The Militancy of British Miners, 1893-1986: Interdisciplinary Problems and Perspectives”, The Journal of Interdisciplinary History, Vol. 22, No. 1 (1991)
Court, W. H. B, “Problems of the British Coal Industry between the Wars” The Economic History Review, Vol. 15, No. 1/2 (1945)
Crafts, Nicolas, “Walking wounded: The British economy in the aftermath of World War I”, Vox EU CEPR, (27 August 2014), voxeu.org/article/walking-wou...
Davis, Jonathan, “Russia’s war and revolutions as seen by Morgan Phillips Price and Arthur Henderson” in Bland, Lucy and Carr, Richard (eds.) Labour, British radicalism and the First World War, (Manchester : Manchester University Press, 2018)
Davis, Jonathan, “‘A new star rises over Europe’: what British Labour thought about the Russian Revolution”, The Conversation UK, (6 November 2017) theconversation.com/a-new-sta...
Fowler, Simon & Weinbren, Daniel, Now the War Is Over: Britain, 1919-1920, (Barnsley : Pen and Sword Military, 2018)
Hatton, Timothy J & Mark Thomas, “Labour Markets in Recession and Recovery: The UK and the USA in 1920s and 1930s”, Centre for Economic History, The Australian National University Discussion Paper Series, Discussion Paper No. 2012-1 (2012)
Macintyre, Stuart, Little Moscows: Communism and Working-class Militancy in Inter-War Britain, (London : Croom Helm, 1980)
Morris, Marcus, “Peace, but not at any price: British socialists’ calls for peace on the eve of the First World War” in Bland, Lucy and Carr, Richard (eds.) Labour, British radicalism and the First World War, (Manchester : Manchester University Press, 2018)
Mowat, Charles Loch, Britain Between the Wars: 1918-1940, (London : Methuen & Co. Ltd, 1955)
Riddell, George Lord Riddell’s Intimate Diary of the Peace Conference and After: 1918-1923, (London : Victor Gollancz Ltd, 1933)
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»CREDITS
Presented by: Jesse Alexander
Written by: Mark Newton, Jesse Alexander
Director: Toni Steller & Florian Wittig
Director of Photography: Toni Steller
Sound: Toni Steller
Editing: José Gamez
Motion Design: Philipp Appelt
Mixing, Mastering & Sound Design: above-zero.com
Maps: Daniel Kogosov ( / zalezsky )
Research by: Mark Newton
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Channel Design: Yves Thimian
Contains licensed material by getty images
All rights reserved - Real Time History GmbH 2021
It is really very simple. In Britain, people do not wish to overthrow the ruling class - they want to get into it!
Not just in Britain.
the world*
The Brits don't (sometimes?) have revolutions, they reform
The photos, which I assume are restored and colourized are beautiful.
I remember them saying during ww1 in real time that they do that all themselves for the episodes
"Colourized" confuses me since putting a u in colour is British spelling and putting a z in ized is American spelling.
@@OriginalRizzler I'm Canadian, we mix and match British and American spellings, and sometimes we just make up our own.
And I'm Polish - for me better looks like colorized :-) That is because in Polish we would spell it koloryzować :-)
The problem is the meaning as koloryzować in Polish means "give the colours to the story", no the photo.
@@OriginalRizzler must be Canadian ;P
I have been hoping this channel would cover the Battle of George Square for a while now and you guys did not disappoint. You are a fantastically well researched channel and a breath of fresh air on this website. CZcams is made a better place by your presence (despite it treating you poorly) so I doff my cap to you all.
Thanks very much!
I think one thing to point out that common Glasgow lore says that the Scottish troops, barracked at Maryhill in the north of Glasgow, were confined to barracks, and English troops brought to George Square. The reason was a fear that the Scots troops would be sympathetic to their compatriots. Whether this true, I do not know, but it is widely believed in Glasgow.
Fantastic channel!
@@EKcyclist I heard reports that English troops weren't used in case it outraged the Scottish crowd. To get around this they mainly used troops from Northern Scotland.
@@Fatmanrolling38 it shows how threads can become urban myths! It would be great to get a definitive answer. I’ll be researching!
If you think the U.K.'s and France's economies were in a dire situation 100 years ago just think at Germany's and Soviet Russia's ones.
Im sorry but German territory was unaffected by the war, unlike large parts of the territory of France. And hyperinflation in Weimar Germany didnt really happen until 1923. So was it really that much worse in Germany?
@@ophthalmophobicnpc8002 No only half the population was almost starving from hunger. Hyperinflation was a direct consequence from WW1. But you are the genius in this field. So historians must be wrong! 😂😂😂
@@ophthalmophobicnpc8002 Germany unaffected? Have you heard of the Turnip Winter?
@@qwertasdcfghjklmo24z I said "German territory" and not "German people". The land itself wasnt destroyed by the war; the factories hadnt been destroyed.
@@ophthalmophobicnpc8002 Munich was bombed in 1916.
This is how the Union of Britain formed in Kaiserreich
haha. we want Mosley
@@maximilienrobespierre2286 No, we actually don't want Mosley D:
@@308473mb so what about Jacobins, new Robespierre
Another important point which has not really been mentioned in the video is that the pound had lost, considerably, in value over the war, yet the government, unlike most other countries, wanted to reinstate the gold standard at pre-war parity, which is part of what forced them to implement such intense wage cutting measures.
Its shocking how similar how what happened after WW1 lines up so well with what has happened again
If only labour cared about working class british people but they have alienated their voting block chasing the minority metropolitan voters, Labour will never win a general election again, they don't even know who they are anymore and its sad the current government doesn't have a opposition just a bland corporatiinist trying to appeal to every left wing viewpoint but being hated by all of them
They might win this one @@toker6664
21:16, Strike breakers in my birthplace, the Rhondda valley. They were also known as “Scabs” and were to a certain extent shunned by the community. The resentment ran deep, my grandfather (a miner) who died in 2000 at the age of 75 still referred to the strikebreakers as “Scabs” and he was a child during the strikes. The strikebreakers of the 1984 miners strike are still remembered by other ex miners of my fathers (also a miner) generation as Scabs. Though the animosity hasn’t lasted as long as previously The sense of betrayal in these close knit communities was still intense.
Strike breakers or Piquet breakers are still known as "Scabs" today! I wonder if the term originated around this time
They’ve got nothing on the Nottinghamshire scabs. They did for all the miners in 84-85. I hope they spent their 30 pieces of silver well.
My grandfather was in WW1. He was an Irish man in the Royal Navy. He was in the tail end of the war in 1918.
This is incredibly convenient as I've just watched peaky blinders and would like to research the history surrounding the show
You've gained yourselves a subscriber
welcome to the show
Would just like to say bravo for this and encourage more historic socio-economic content around wars. Thanks, this is a cut above anything on the History channel.
truly!
the content is stimulating and presented wonderfully! appreciate all the hard work!
How did the history channel pitch meeting end??? I need a part two
more soon on czcams.com/channels/B1eDEd1AYG3YrRIJSZzMOQ.html
@@TheGreatWar the History Channel?? Tell me it’s a joke….they’ll destroy your content in favour of BS like duck dynasty
@@TheGreatWar Let me guess, they won't hire you because you're white and won't talk about ancient aliens?
@@chrisleonard2066 That's cute, you think Duck Dynasty is the worst things can get!
@@bashkillszombies lol what does being white have to do with anything? Most of the people on history channel projects are white. I can’t even think of one that has someone who isn’t white on the main cast off the top of my head.
It’s nice to see Jesse in the studio
Long in the Future but the 26 General Strike Episodes will be Fascinating.
I think this channel only plans on going up through 1923.
Or Jarrow.
Another very well made video well commentated
Keep them coming
Well done
The peaky blinders on Netflix is actually a politically and aesthetically accurate representation of 1918-1924 Birmingham
You mean the peaky FOOKIN blinders 😎
Its really not
thank you so much Sir you saved the day for my dissertation topic ... your channel deserves to be followed
I can't like this episode enough. It's one of your very best episodes in a long time. More labour history, please! By my count, the word solidarity was mentioned no less than 4 times. I am now back as an engaged subscriber
Commie lib!
Yours a great channel. Especially for the students of History of the modern Europe and the world.
Well Organized & Presented! Kudos!
great video as always
Thank you, it was interesting and detailed.
14:38 The most low-effort barricade I've ever seen.
Jesse, I like your cadence, your volume, and your tone. IMO you are easy to listen to. I get more out of your videos thereby.
Thanks, I appreciate that.
@@jessealexander2695 jesse is a Legend rising.
I have to admit, I had my doubts when he first replaced Indy, but he's really grown on me. I truly enjoy listening to Jesse, and appreciate the tempo and clarity of his videos, as well as the content.
@A Velsen I like Indy's voice, but it's probably because I'm American, so it doesn't seem odd to me. I appreciate that Jesse is very easy to understand, though.
Human capital: A way of indirectly saying slave force
No
Another great video. History is rarely simple.
Could you make a video about the impact of the loss of so many men had on social life?
Where there less marriages?
Shortage of laborers?
Also the impact of the war on the men that survived, alcoholism, ptst, suicide?
We talked about this in one of our videos in early 2019, have a look.
@@jessealexander2695 Found it. Thank you.
@@behappybevegan which one is it?
The village that named the streets after Marx and Lenin is Chopwell just outside Tyneside (Newcastle). They actually sent a Battleship off the coast to shell inland incase of a communist rising. The streets are still named of communist leaders and was know locally as little Moscow
There's also a few stations in Paris named after people of history regardless of political opinion. I remember seeing a station in Paris called Stalin and another one I forgot.
@@Echani3007 The station was named after Stalingrad.
@@simplicius11 Yes, you're right actually.
Amazing how we view things with the benefit of knowing how it all turned out.
Great video
Thanks!
Great video. One error: 17:30 the gold standard greatly increased the value of the pound, not decreased. The rest is correct, that’s why they paid half wages because it was worth more.
Yeah, the statement that returning to the gold standard "dramatically lowered the value of the pound sterling" doesn't make sense. I had to stop the video and got sent down a rabbit hole trying to find out how the Gold Standard Act of 1925 lowered the value of the pound. I eventually had to decide the video was in error. Thanks TheDentist27 for confirmation.
Can you list the losses among colonial troops among the losses ? Your videos are great. Thank you
Meanwhile half of the Bay of Biscay away in Great Britain's favorite vacation land.... the Spanish king Alfonso XIII is awaiting news of his pet war (Rif War) and his favorite General Manuel Silvestre and his progress against treacherous Moroccan rebels. The impetuous and overbearing King is confident that his army, encamped at Annual in the Rif since January 1921, will prevail. That is his army of undertrained conscripts, beset by his own handpicked (and completely clueless) general will triumph despite being divided into small pockets of fortified blockhouses, separated from each other by rugged terrain and insufficiently provisioned with water and ammo, and facing one of the 20th century's greatest guerrilla armies, will miraculously win.
Just you wait until late July.
yep, just you wait, until July 16 to be precise on this channel.
@@TheGreatWar Yes! The Battle of Annual. A military disaster so complete the Italians were sighing in relief! Alfonso XIII was a corrupt hack.
To stave off a parliamentary investigation into this debacle, Alfonso had the army overthrow the government, before instigating a revolution that led to his abdication in 1931. And thus set the table for the Spanish Civil War. What a chad.
@@petergray7576 As the british did after the disastrous Hicks expedition in Sudan , these guys expend lives and resources to put dawn the revolt , landings in Alhucemas 1925. So sad: the Rif is not worth the bones of a single peassant.
Wonderful thanks
you know what i like the sound of the greenscreen studio and the nice looking backdrop of jesses emergency homestudio room, why not greenscreen a pic of the very beautiful room?
They say that on the one anniversary of the war, the veterans who marched in the parades, wore pawn
tickets instead of their medals.
I was just thinking about the Occupation of the Ruhr in 1923. I need your channel to keep these history videos coming.
Interesting. Thank you.
I love the interwar period like nothing else. So much happend left and right
Can you make a video on Puerto Rico after the war pls pretty pls
Lol I love how I got an ad from Jesse during this episode
Summery of this video in one sentence: the British workers where ready for a socialist revolution, but they where betrayed by their leaders.
I know that English isn't the first language of many viewers, but looking through the comments there's a huge amount of misunderstanding of what people have just watched. Assuming they have bothered to watch before commenting.
Unfortunately, people often don't want to learn, they want to have existing beliefs affirmed. The study of history requires more than looking at videos. I've been a professional in history and prehistory for five decades. Watching videos is fun for me but then I don't do it to learn. When I want to learn about a subject I look at the sources provided in the subtext and then buy books and read. Then I'll acquire additional books presented in book references. I'll even check primary sources if they're available. Learning history is hard work and it requires skills most folks have never learned. That's why it's important for history videos to avoid bias and that isn't always easy.
Misunderstading on what matter?
Pesky Blinders shows this pretty well throughout the series
Thank goodness we've come so far in 100 years :)
Y'all have a history book club?
Or book club in general?
Would be fun to participate in the process? Or history conference?
I say Llyod George was O.K.
He didn't shy away from controversy, especially when dealing with F.M. Douglass Haig.
One their best,....I think
This podcast brought tears to my eyes seriously... everyone needs to see this... I can't emphasis enough on the strength of Solidarity till it's infiltrated AND that the message I see here crystal clear .. ty new subscriber 🙏
Eh.. ok
So wo was not ?
-dd in Welsh is pronounced like -th (like Thorn or Third), in case it hasn't been brought up yet and it's of help. Sounds like an F sound, but letter-F isn't an F sound (that's two Fs)... yeah.
Bore Da!
@@tylerwilson7643 Iechyd Da from a place away from Wales but to which I aim to return to soon.
i love how you ended that explanation '...yeah' lol. i watch a few UK comedians and welsh, particularly it's spelling and pronunciation often comes up.
@@Joe-Dead Nice.
@@JagerLange you can tell me...no one else needs to know...welsh was just made up to troll people wasn't it? grabbing the honors for the earliest form of organized trolling ever known eh? ^_^
Nice pictures
"Soviet style councils"... So council style councils?
Have you guys ever covered the British West Indies Regiment from World War 1 and the Taranto Revolt
Those videos of British troops with tanks is outside st George's hall Liverpool ?
guys if i wanna conduct a study on such topic ( not for making video ) how can i do it ? is there any simple methodology ?
Is there a Stat for how many British Miners Died from Spanish Flu in 1919 rather than the Usual Chest Issues that Miners Suffered from?
Flu originated in the US Army barracks in Ohio as I recall.
@@r.ladaria135 So?
@@johkupohkuxd1697 Still spanish Flu. It should be renamed Ohaio flu. US army Flu or Delta flu. shouldn't it?
too nice Economy-political video with clear explaining of British workers mobilize ,bad affected of 1WW on British Economy ( collection of all these events about British economy movements to collapse Fate & workers revolution desires to (BOLSHAVIK revolution) proved that colonialism wars & dominance wars on seas & Oceans among polarization countries never solving economic crisis of Pre-war situations
My great grandfather wrote a novel which was in reality a disguised manual for anti-red resistance in 1919. He wrote for the Daily Telegraph amongst others.
Thats messed up wow
@@PedroKing19 Better dead than Red was the philosophy for many during those days and its understandable.
@@johkupohkuxd1697 yes it is.
Can we do a video how ww1 changed the English Monarchy? How it impacted its powers in some sort?
We are passing through a pandemic, when it is over big business will seek to claw back its loses, they will do it by charging more for there product without a concern for the general public. All sorts of items will go up. The employees wage packet will not go far they will struggle while the rich rebuilt their assets. Does the government have a plan for this ?
If they raise prices beyond everyone's ability to pay, then they'll lose money and shrink even more. Why would they do that to themselves?
The gov't's of the world have been on a massive spending spree through the "pandemic" and inflation is setting in.
That's where your price increases are really coming from.
@@TheSkyGuy77 .... Inflation is caused by some people wanting more because they are over committed in other areas or devaluation of property and the banks want more money off you because you are undercapitalized or the banks just want to increase the interest rate.
@@Eric-ye5yz money printing => devaluing currency => rising prices for the consumer
Demand for goods is fairly constant and supply is also not too far off from demand atm. (If anything, there's too much supply).
@@TheSkyGuy77 ... What we could once buy for a dollar, we now have to pay 10 or more dollars. This is the result of 40 years of inflation. Caused by the FOMO factor, fear of missing out. You make a product for 1 dollar and you sell it for 100 dollars. You are happy till you learn another is selling it for 1000 dollars.
When China opened its doors to the west every American Company wanted to open a factory there because of the cheap labour and the increased profits FOMO. Now 20 30 years later China has used the greed to take control. These factories did not ask the question "how are my ex American employees going to pay for my product" ..... the short term thinking.
@@TheSkyGuy77 ..... During the period of the 1930s there was unemployment on a grand scale, all over the world. Then in the space of a few years there was full employment, Planes, tanks and all sorts of expenditure going on.
How do countries go from 30% unemployment (women not included in that figure) to full employment consuming vase sums of money and resources. The question is not a challenge but a point of curiosity. We are seeing the same thing with covid.
How many Hornet Cs did Britain have? They were a damn sight better than (my old favorites) Whippets, & hardly appropriate 4 crowd control.
Right so there’s a few quite important parts wrong here/ areas to highlight
The UE insurance act 1920 wasn’t unheard of pre-1914, there was the UE insurance act 1911, the liberal governments were already working on it
The gold standard didnt reduce wages, real wages were rising throughout the early 20s at least
Productivity was only decreasing in the early 20s, and it’s mainly because of the hours of work negotiations and contractionary monetary policy for the gold standard, it was increasing again by the mid 20s
The 1926 general strike wasn’t in any way insignificant, it literally caused a small recession
I assume it was a fish and chips based approach
I love fish and chips!
You better not be badmouthing fish and chips
I think I can now see why my grandparents' moved to America in 1920-1921.
I love how this channel's called the great war but they're talking about events after WW1 lol
Ah bro why you do this, I've got work early tomorrow
Just call in sick, someone will cover for you.
Por favor que un héroe ponga subtitulos al español. No se ingles :C
Entonces aprede Ingles.
Wasn't the Labor Party the one who was in charge during the war?
Liberal Party: en.m.wikipedia.org/wiki/H._H._Asquith
There was a coalition government led by Lloyd George from 1916.
Absolutely not.
@@TheGreatWar Thank you.
The liberal party. The one that ordered British Tommies to load women and children into cattle cars for shipment to concentration camps where they died in their thousands from starvation and disease. Google Lizzie van Zyl pictures to show you what liberals and socialists get up to when they think they can get away with it.
What happened to Indi idel?
I wish indie nidel was here we really misss him
I wonder how much Georgie Boy had to live off of, per week. Something tells me it wasn’t four pounds and change.
Important to note that the liberals where split over participation in the conservative dominated government with the Lloyd George wing supporting it and the wing under the party’s official leader Asquith being against and sitting in the opposition
As i read more history more I learn that after ww1 many socialist got prominence even in usa socialists were more prominent in 1920s then they're today
Well, the workers and working class wanted something in return for the sacrifices after the war. That something of course depends on how radical they were.
@@TheGreatWar yes you're correct sir they wanted something for their sacrifices
Yeah Union's used to be a thing in the United States 😂
@GodBAINS Yt . 6.1M views 😂 sab Indians milte hain har jagah
@GodBAINS Yt . 6.1M views sahi hai phir
Imagine being rich, being too lazy and ignorant to come to even the slightest agreement. Let’s petition to fire the government or take from their pocket
So the workers demand were right and those were inocent?
Man, we need general strikes again
13:42 sigh the british press have always been just utter trash havent they lol
Road to Serfdom 📖
"... the country's human capital..."
Fffffffffff
Can you guys make a special about Freikorps of stormtrooper uniforms, love the show and keep goin from Sweden
I dont know if you still read comments but, your team will do a series that completly covers the second world war after the franco prussian war series is over?
Maybe from History Americans can learn Liberal doesn't mean Leftwing. Britain had, Conservative, Liberal and Labour. Australia has Liberal and Labor, there are other left and right wing but only America with its 2 neo Liberal Parties Republicans and Democrats the left has no representation.
Some in democrats are social democrats who love socialism but say us should be like nordics. There is a perception among them that noridcs are socialist 😂😂🤦
@@ShubhamMishrabro When we try to explain to other US citizens what social democracy is, you just get a long stare.
It's really hard to have a nuanced conversation about the differing kinds of social parties or political parties in general in the United States.
It's a little easier now to say the difference between liberal or progressive.
The term progressive is beginning to get a little broader traction.
@@Jay-ho9io yeah Americans don't know difference. Everything is either capitalist or communist and socialist😅😂 or fascist
@@ShubhamMishrabro Americans don't understand that they have 2 Neo liberal parties. One that has become socially conservative to the extreme the other is socially progressive but economically by and large just as neo Liberal . Both parties believe in massive Government spending, Republicans through the Armed Forces the Democrats want to build infrastructure and social services.
@@mikhailv67tv that is correct
All ALL workers everywhere need to see THIS! The power of Solidarity is Strength for us the people. Had this been taught thruout schools and decades I dang near GURANTEE that we the people would been soo much more motivated to stand up for ourselves against the tyranny capitalist over lords .. I suggesting this short documentary to my son's history teacher who is a rebel in disguise 🙂, high school teacher.
The Gold Standard screws everything up--as usual.
I hope that the Rif War will be covered, only a month to go before the centenary of the Battle of Annual where 3,000 Moroccan rebels defeated 20,000 Spanish troops.
I must admit that Indy miss me a little bit as the host of this channel.
Indy do a weird war works episode. Weird ideas countries had on drawing boards after ww1 and the Spanish civil war
Comment
Why does Jesse look like he's in front of a green screen for this one? I mean, he always is, but it seems to look very obvious and cheap in this video.
Inflation didn't rise because of "high debt" it rises because of irresponsable money printing.
And that money printing is to ""pay"" off the debt by devaluing the currency and cheapening the debt interest cost.
Unfortunately, it causes prices to rise out of control
@@TheSkyGuy77
Which is why most of your money should be invested.
@@TheSkyGuy77 That doesn't even work when it comes to foreign currency debt. You can't print dollars if you are not the USA, or Euros if you are not EU.
Which is why its a terrible idea for developing countries to print money, even worse than for big developed ones.
2nd
Britney and the 3 🐺
The first sign of weaknes of British empire has come soon after WW1. It was the independence of Ireland.
I read somewhere it was the Boers war. It took too much resources and struggle to defeat a bunch of farmers.
It was already creaking
The Empire wasn’t as Monolithic as it appeared
And now look at us. And not even one protest against the socialists.
No wonder so many soldiers resented the labour movement, striking for better conditions while they were spilling their blood and guts in the trenches.
That's called being two crabs in a bucket.
You don't get pissed off at the other crab, you get pissed off at the person who caught you both.
@@Jay-ho9io except one group of crabs was dying by the thousand per day and the other group of crabs was dying about 1 thousand per year. 😁
@@vandalcreed that doesn't change who the actual enemy was and is.
It's not wrong, but it IS entirely not the point.
@@vandalcreed Lies
@@Jay-ho9io Yep the enemy was and is socilism
And they were correct about the socialists.
union of britain
Ah yes the start of British Draconian gun laws
When you compare the British death toll by firearms to other countries specifically the US they seem more like common sense. Unless you're of the -idea- fantasy that you'll take up arms against your own country when it inevitably turns tyrannical, whatever that means given how some ppl freely throw that word around.
@@quique7764 you understand that British gun registration was a direct result of parliament's fear of a socialist uprising.
Remember the Bolsheviks at the time had a "everyone must be armed" stance and not to mention the battle of Blair mountain where the US federal government had to strafe union workers with aircraft to put them down.
@@moomeansmooable You're only making them sound like they make even more sense.
@@saint4life09 sense to who the private citizen or the government?
@@moomeansmooable The government are the elected representatives of private citizens.
Got to give Lloyd George one thing.
"You want people who make less than you to fight for you so you can make more?" One of the not so uncommon examples of unions acting like the very corporations they swear they are opposed to.
socialists being lying hypocrites say it isn't so.
69 views noice
What happened to all that money/gold that British looted from Africa and Asia????
It either didn't exist, got re invested into the colony or got filed away by rich businesses. some British colonys actually economicly hurt Britain because they didn't pay for themselves
Have you seen how beautiful is London??
It went to the us to pay for lend lease
@@micheal6898 all of them except India were net losers
The african colonies basically were extremely expensive and only benefited a tiny clique of rich men; and even the Raj at this time basically was a weird employment program. The funny thing about the empire is the brits largely profited from parts of the country they didn't officially own (like latin America and china).