The Interwar Years

Robert L. Carter and Peter Falush
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Robert L. Carter: University of Nottingham

Chapter 3 in The British Insurance Industry Since 1900, 2009, pp 23-30 from Palgrave Macmillan

Abstract: Abstract Britain and her allies prevailed over their enemies during World War I and managed to preserve the Empire. But the massive price paid for victory in terms of 780,000 lives lost and a mountain of national indebtedness created, described in the previous chapter, transformed the country. It became vastly different in its economic, political and social structure, compared with its pre-war state. It lost significant trade volumes to its dominions and the war also accelerated the process which was already giving manual workers an increasing share in the national income. The historian A.J.P. Taylor pointed out that a rich man paid 8% of his income in tax before the war, one third of it after. (Taylor, 1965, p. 176)

Keywords: Interwar Period; Marine Insurance; Premium Income; Road Death; British Insurer (search for similar items in EconPapers)
Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:pal:pmschp:978-0-230-23952-4_3

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DOI: 10.1057/9780230239524_3

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