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History of England (1815-1914)

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  1. The internal analysis of Michelin
    1. The ethics of Michelin.
    2. Competitive financial, technical and commercial aspects
    3. Segmentation
    4. Portfolio of products and 4Ps of Michelin
    5. Strengths / Weaknesses of Michelin
  2. The external analysis of Michelin
    1. Microenvironment: Michelin's partners
    2. Market opportunities and threats by the PESTEL method
    3. Competitive analysis and Porter's five forces
  3. SWOT analysis
  4. Strategic decisions undertaken by Michelin on SBA
    1. Passenger Vehicles
    2. Heavy Load
    3. Specialty tires
    4. Other group activities

The period between 1815 and 1914 has been referred to as Britain's 'Imperial Century' by some historians. After Napolean was defeated, the British Empire did not have any serious international rivals, except Russia. The England of 1815 was unchallenged at sea and hence, had thalassocracy.

The Steamship and the Telegraph were important inventions that helped the British Empire to control and defend the empire, and be the global leader. After years of war, a new map of the British Empire was drawn, which showed all the regions it had acquired. About 10,000,000 square miles of area, and 400 million people had been added to the British Empire. The French West Indies and the Dutch Indies, which were strategic points on the route to India, were also added to the Empire. In addition to being the leading commercial power, England was also the 'world's workshop'. It was the pole around which industrialization flourished.

In the eyes of other nations, England was a prototype of the modern era. Industrial development in England took place through various elements like: being positioned at the maritime crossroads in the North Atlantic; production of important mineral resources like coal (production increased from 11 million tons in 1800, to 225 million tons in 1900); and increase in population, which provided a labor-intensive domestic market.

The label 'Made in Britain' became the sign of quality of British goods that flooded the European market and other markets of the world. The industries in other countries began using English machines. About a hundred private banks were opened in London in 1820. The Industrial Revolution in the nineteenth century also led to the invention of many things like the: locomotives, steam thresher, harvester, dyes, synthetic rubber tyre, etc.

Between 1850-1870, during the reign of Queen Victoria was a period of industrial and economic boom. This period also known as "Victorian middle" was a period of exceptional growth and towards the end of this period, England was producing 60% of the world coal, 50% of cotton fabrics, 40% of steel and close to 1/3 of all manufactured goods. This ensured that England had more than a quarter share of the overall world trade. England is the first economic power and the first commercial power in the world.

From the early nineteenth century, foreign trade was of vital importance to the UK economy. Until 1840, it increased in volume by 4% per year and from 1840 to 1870 by 4.6% per year. In the 1870s: a quarter of the national income was provided by the exports alone. This growth was due to the transition from protectionism to free trade between 1842 and 1846. This also led to the successive abolition of duties on foreign imports (particularly influenced by the Anti-Corn Law League).

The role played by international currency the pound sterling and gold mono metallism was established by the Gold Standard Act (1816) and the clarifications in this regard by the Currency Principle Act (1844) paving the way for a stable book which led to the building up of trust. It was also London's first gold market and the country became a leader in the financial world.

Tags: England in 1815-1914; Victorian era; Industrial Revolution;

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