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Economic History Of Wales
The development of the Welsh economy since the 18th century has largely been concentrated on the mining in Wales, mining industry during the Industrial revolution in Wales, with the economy largely dependent on agriculture in centuries prior. The Welsh slate industry once was the world's largest, and Wales' significant coalfields led to the industry transforming many parts of Wales. Wales experienced de-industrialisation in the late 20th century, becoming more of a service economy to the present day. 18th century Until the mid 18th century, economic development in Wales was restricted by its peripheral location, predominantly upland topography, bad communications and sparse population.Falkus, M. and Gillingham, J., eds (1987) Historical Atlas of Britain. London: Kingfisher. Commerce was most advanced in the small coastal ports that had regular commerce with Bristol or Liverpool; the other major sources of external trading contact were the Drover (Britain), drovers, who drove cat ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Welsh Economy
The economy of Wales (Welsh language, Welsh: ''Economi Cymru'') refers to the production and consumption of goods and services and the supply of money in Wales. The percentage of all individuals, living in relative income poverty in Wales in 2016–17 was 23%, compared to 22% in England, and only 19% in Scotland and Northern Ireland. More than one in five people in Wales were living in poverty between 2001 and 2016. However, in 2018, according to OECD and Eurostat data, gross domestic product (GDP) in Wales was £75 billion, an increase of 3.3% from 2017. GDP per head in Wales in 2018 was £23,866, an increase of 2.9% on 2017. In 2019 Wales generated tax revenue of £27bn, which is around 36% of GDP, and has expenditure of £40.1bn, leaving an deficit of £13.1bn. Research and analysis conducted by Professor John Doyle, Dublin City University showed that the fiscal balance of £2.6bn in the "early days of an Welsh independence, independent Wales" would be approximately £ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Boom And Bust
Business cycles are intervals of expansion followed by recession in economic activity. These changes have implications for the welfare of the broad population as well as for private institutions. Typically business cycles are measured by examining trends in a broad economic indicator such as Real Gross Domestic Production. Business cycle fluctuations are usually characterized by general upswings and downturns in a span of macroeconomic variables. The individual episodes of expansion/recession occur with changing duration and intensity over time. Typically their periodicity has a wide range from around 2 to 10 years (the technical phrase "stochastic cycle" is often used in statistics to describe this kind of process.) As in arvey, Trimbur, and van Dijk, 2007, ''Journal of Econometrics'' such flexible knowledge about the frequency of business cycles can actually be included in their mathematical study, using a Bayesian statistical paradigm. There are numerous sources of business ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Quarry
A quarry is a type of open-pit mine in which dimension stone, rock, construction aggregate, riprap, sand, gravel, or slate is excavated from the ground. The operation of quarries is regulated in some jurisdictions to reduce their environmental impact. The word ''quarry'' can also include the underground quarrying for stone, such as Bath stone. Types of rock Types of rock extracted from quarries include: *Chalk *China clay *Cinder *Clay *Coal * Construction aggregate (sand and gravel) * Coquina * Diabase *Gabbro *Granite * Gritstone *Gypsum *Limestone *Marble *Ores *Phosphate rock *Quartz *Sandstone * Slate *Travertine Stone quarry Stone quarry is an outdated term for mining construction rocks (limestone, marble, granite, sandstone, etc.). There are open types (called quarries, or open-pit mines) and closed types ( mines and caves). For thousands of years, only hand tools had been used in quarries. In the 18th century, the use of drilling and blasting operatio ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
North Wales
, area_land_km2 = 6,172 , postal_code_type = Postcode , postal_code = LL, CH, SY , image_map1 = Wales North Wales locator map.svg , map_caption1 = Six principal areas of Wales commonly defined to be North Wales, for policing, fire and rescue, health and regional economy. North Wales ( cy, Gogledd Cymru) is a region of Wales, encompassing its northernmost areas. It borders Mid Wales to the south, England to the east, and the Irish Sea to the north and west. The area is highly mountainous and rural, with Snowdonia National Park ( and the Clwydian Range and Dee Valley (), known for its mountains, waterfalls and trails, wholly within the region. Its population is concentrated in the north-east and northern coastal areas, with significant Welsh-speaking populations in its western and rural areas. North Wales is imprecisely defined, lacking any exact definition or administrative structure. It is commonly defined adminis ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Slate Industry In Wales
The existence of a slate industry in Wales is attested since the Roman period, when slate was used to roof the fort at Segontium, now Caernarfon. The slate industry grew slowly until the early 18th century, then expanded rapidly until the late 19th century, at which time the most important slate producing areas were in northwest Wales, including the Penrhyn Quarry near Bethesda, the Dinorwic Quarry near Llanberis, the Nantlle Valley quarries, and Blaenau Ffestiniog, where the slate was mined rather than quarried. Penrhyn and Dinorwig were the two largest slate quarries in the world, and the Oakeley mine at Blaenau Ffestiniog was the largest slate mine in the world. Slate is mainly used for roofing, but is also produced as thicker slab for a variety of uses including flooring, worktops and headstones.Lindsay p. 133 Up to the end of the 18th century, slate was extracted on a small scale by groups of quarrymen who paid a royalty to the landlord, carted slate to the ports, and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mining In Wales
Mining in Wales provided a significant source of income to the economy of Wales throughout the nineteenth century and early twentieth century. It was key to the Industrial Revolution. Wales was famous for its coal mining, in the Rhondda Valley, the South Wales Valleys and throughout the South Wales coalfield and by 1913 Barry had become the largest coal exporting port in the world, with Cardiff as second, as coal was transported down by rail. Northeast Wales also had its own coalfield and Tower Colliery (closed January 2008) near Hirwaun is regarded by many as the oldest open coal mine and one of the largest in the world. Wales has also had a significant history of mining for slate, gold and various metal ores. History There had been small-scale mining in Wales in the pre-Roman British Iron Age, but it would be undertaken on an industrial scale under the Romans, who completed their conquest of Wales in AD 78. Substantial quantities of gold, copper, and lead were extracted, alon ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Metallurgical
Metallurgy is a domain of materials science and engineering that studies the physical and chemical behavior of metallic elements, their inter-metallic compounds, and their mixtures, which are known as alloys. Metallurgy encompasses both the science and the technology of metals; that is, the way in which science is applied to the production of metals, and the engineering of metal components used in products for both consumers and manufacturers. Metallurgy is distinct from the craft of metalworking. Metalworking relies on metallurgy in a similar manner to how medicine relies on medical science for technical advancement. A specialist practitioner of metallurgy is known as a metallurgist. The science of metallurgy is further subdivided into two broad categories: chemical metallurgy and physical metallurgy. Chemical metallurgy is chiefly concerned with the reduction and oxidation of metals, and the chemical performance of metals. Subjects of study in chemical metallurgy include mi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tinplate
Tinplate consists of sheets of steel coated with a thin layer of tin to impede rusting. Before the advent of cheap milled steel, the backing metal was wrought iron. While once more widely used, the primary use of tinplate now is the manufacture of tin cans. Tinplate is made by rolling the steel (or formerly iron) in a rolling mill, removing any mill scale by pickling it in acid and then coating it with a thin layer of tin. Plates were once produced individually (or in small groups) in what became known as a ''pack mill''. In the late 1920s pack mills began to be replaced by ''strip mills'' which produced larger quantities more economically. Formerly, tinplate was used for cheap pots, pans and other holloware. This kind of holloware was also known as tinware and the people who made it were tinplate workers. For many purposes, tinplate has been replaced by galvanised (zinc-coated or tinned) vessels, though not for cooking as zinc is poisonous. The zinc layer prevents the iron f ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Non-ferrous Metal
In metallurgy, non-ferrous metals are metals or alloys that do not contain iron (allotropes of iron, ferrite, and so on) in appreciable amounts. Generally more costly than ferrous metals, non-ferrous metals are used because of desirable properties such as low weight (e.g. aluminium), higher conductivity (e.g. copper), non-magnetic properties or resistance to corrosion (e.g. zinc). Some non-ferrous materials are also used in the iron and steel industries. For example, bauxite is used as flux for blast furnaces, while others such as wolframite, pyrolusite, and chromite are used in making ferrous alloys. Important non-ferrous metals include aluminium, copper, lead, tin, titanium, and zinc, and alloys such as brass. Precious metals such as gold, silver, and platinum and exotic or rare metals such as mercury, tungsten, beryllium, bismuth, cerium, cadmium, niobium, indium, gallium, germanium, lithium, selenium, tantalum, tellurium, vanadium, and zirconium are also non-ferrous. Th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Swansea
Swansea (; cy, Abertawe ) is a coastal city and the second-largest city of Wales. It forms a principal area, officially known as the City and County of Swansea ( cy, links=no, Dinas a Sir Abertawe). The city is the twenty-fifth largest in the United Kingdom. Located along Swansea Bay in southwest Wales, with the principal area covering the Gower Peninsula, it is part of the Swansea Bay region and part of the historic county of Glamorgan; also the ancient Welsh commote of Gŵyr. The principal area is the second most populous local authority area in Wales with an estimated population of 246,563 in 2020. Swansea, along with Neath and Port Talbot, forms the Swansea Urban Area with a population of 300,352 in 2011. It is also part of the Swansea Bay City Region. During the 19th-century industrial heyday, Swansea was the key centre of the copper-smelting industry, earning the nickname ''Copperopolis''. Etymologies The Welsh name, ''Abertawe'', translates as ''"mouth/es ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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