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A Comparative History of Commerce and Industry, Volume IIUK Commerce and Industry in the New Millennium

A Comparative History of Commerce and Industry, Volume II: UK Commerce and Industry in the New... [On a quiet Thursday in May of 1994, John Smith, the leader of Britain’s Labor Party, a likable, quiet Scot, died unexpectedly. Under Smith’s leadership, the country had severed its ties with the European Economic Community (EEC) and joined the European Union in 1992. With Smith’s sudden passing, Labor said its final goodbyes to the ties of the past and stepped out into a bright new future. Smith was succeeded in July by Tony Blair, a man more comfortable with the middle-class thinking of his background than the public ownership policies of the party’s labor union beginnings. The event essentially marked an end to the painful and calamitous days of the twentieth century, notable for two of the deadliest wars in all history, the loss of most of Britain’s empire and the island nation’s world leadership in manufacturing. Although Blair would have to wait to take office for two more years when Labor won the next general election, 1995 was the year that the British Labor Party formally parted company with thinking that emerged a century earlier and moved into the twentieth century. Blair, stumping the country in support of Labor Party candidates, was successful in getting the party membership to remove Clause Four, the section of the Labor Party constitution that called for public ownership of the country’s major industries. In so doing, he did away with the last major obstacle in the minds of voters and helped make the party electable once more.] http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png

A Comparative History of Commerce and Industry, Volume IIUK Commerce and Industry in the New Millennium

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Publisher
Palgrave Macmillan US
Copyright
© The Editor(s) (if applicable) and The Author(s) 2016
ISBN
978-1-349-55223-8
Pages
55 –76
DOI
10.1057/9781137503305_5
Publisher site
See Chapter on Publisher Site

Abstract

[On a quiet Thursday in May of 1994, John Smith, the leader of Britain’s Labor Party, a likable, quiet Scot, died unexpectedly. Under Smith’s leadership, the country had severed its ties with the European Economic Community (EEC) and joined the European Union in 1992. With Smith’s sudden passing, Labor said its final goodbyes to the ties of the past and stepped out into a bright new future. Smith was succeeded in July by Tony Blair, a man more comfortable with the middle-class thinking of his background than the public ownership policies of the party’s labor union beginnings. The event essentially marked an end to the painful and calamitous days of the twentieth century, notable for two of the deadliest wars in all history, the loss of most of Britain’s empire and the island nation’s world leadership in manufacturing. Although Blair would have to wait to take office for two more years when Labor won the next general election, 1995 was the year that the British Labor Party formally parted company with thinking that emerged a century earlier and moved into the twentieth century. Blair, stumping the country in support of Labor Party candidates, was successful in getting the party membership to remove Clause Four, the section of the Labor Party constitution that called for public ownership of the country’s major industries. In so doing, he did away with the last major obstacle in the minds of voters and helped make the party electable once more.]

Published: Dec 17, 2015

Keywords: Gross Domestic Product; Service Sector; European Economic Community; Labor Party; Comparative History

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