“Our more serious devastation was invisible—the shattering of our export trade through our being cut off for over four years from our normal overseas markets. We were the largest international traders in the world and were, therefore, more vulnerable in this respect than any other country. Our customers had been driven either to secure their supplies from rival sources or to start manufacturing for themselves. Indeed, our export trade has never recovered from the War, as the derelict factories of our industrial districts bear melancholy witness. While world trade had by 1927 risen to 120 per cent of the pre-war level, British export trade was only 83 per cent of its pre-war height. That is our real devastated area.”

— David Lloyd George

The Truth about Reparations and War-Debts (London: William Heinemann Ltd, 1932), pp. 8-9
Later life

Adopted from Wikiquote. Last update June 3, 2021. History

Help us to complete the source, original and additional information

Do you have more details about the quote "Our more serious devastation was invisible—the shattering of our export trade through our being cut off for over four y…" by David Lloyd George?

David Lloyd George 172

Former Prime Minister of the United Kingdom 1863–1945

Related quotes

“Ever since the population of this little island grew large, trade has been its livelihood. We imported food and raw materials and paid for them by exports of coal and manufactures, by earnings from shipping and other services, and by interest on foreign investments. The first world war injured our position seriously, the second had far worse effects. When we stood alone in the second world war we threw all that we had into the battle. … We sold our foreign assets. We reduced our production of civilian goods to a minimum. We lost nearly all our export trade and much of our shipping. … We have, therefore, to face now before we have recovered from the effects of the war, and before our long-term plans have taken effect, the necessity of relying entirely on our own resources. This is a situation as serious as any that has faced us in our long history.”

Clement Attlee (1883–1967) Former Prime Minister of the United Kingdom

Broadcast (10 August 1947), quoted in The Times (11 August 1947), p. 4
Prime Minister

“No country would suffer more than Britain from an international trade war, since we depend more on world trade than any of our competitors. That is why we cannot accept the proposal made in some quarters that we should seek to solve our problems through imposing import controls for a long period over a whole range of manufactured consumer goods.”

Denis Healey (1917–2015) British Labour Party politician and Life peer

Speech http://hansard.millbanksystems.com/commons/1975/dec/17/employment in the House of Commons (17 December 1975)
1970s

“Our future as an industrial and trading nation depends on the success of our export drive. Increased production and increased exports are vital to the health of the shipping industry. … Our fundamental need is still increased production to enable us to increase our volume of exports and so pay for our imports. … That is the need of the country to-day.”

Clement Attlee (1883–1967) Former Prime Minister of the United Kingdom

Prime Minister
Source: Speech to the Chamber of Shipping of the United Kingdom at the Dorchester Hotel (13 October 1949), quoted in The Times (14 October 1949), p. 4

“In a stand-off between Britain and the EU, 44% of our exports is more important to us than 8% of the EU's exports is to them.”

Theresa May (1956) Prime Minister of the United Kingdom

Speech as Home Secretary on the UK and European Union https://www.gov.uk/government/speeches/home-secretarys-speech-on-the-uk-eu-and-our-place-in-the-world (25 April 2016)

“A country of our size, with its focus on exports and thus reliance on foreign trade, must be aware that … military deployments are necessary in an emergency to protect our interests -- for example when it comes to trade routes, for example when it comes to preventing regional instabilities that could negatively influence our trade, jobs and incomes.”

Horst Köhler (1943) German politician (CDU); president of Germany, 2004-2010

http://www.spiegel.de/international/germany/controversy-over-afghanistan-remarks-german-president-horst-koehler-resigns-a-697785.html

“In the year 1910 we were beset by an accumulation of grave issues—rapidly becoming graver. … It was becoming evident to discerning eyes that the Party and Parliamentary system was unequal to coping with them. … The shadow of unemployment was rising ominously above the horizon. Our international rivals were forging ahead at a great rate and jeopardising our hold on the foreign trade which had contributed to the phenomenal prosperity of the previous half-century, and of which we had made such a muddled and selfish use. Our working population, crushed into dingy and mean streets, with no assurance that they would not be deprived of their daily bread by ill-health or trade fluctuations, were becoming sullen with discontent. Whilst we were growing more dependent on overseas supplies for our food, our soil was gradually going out of cultivation. The life of the countryside was wilting away and we were becoming dangerously over-industrialised. Excessive indulgence in alcoholic drinks was undermining the health and efficiency of a considerable section of the population. The Irish controversy was poisoning our relations with the United States of America. A great Constitutional struggle over the House of Lords threatened revolution at home, another threatened civil war at our doors in Ireland. Great nations were arming feverishly for an apprehended struggle into which we might be drawn by some visible or invisible ties, interests, or sympathies. Were we prepared for all the terrifying contingencies?”

David Lloyd George (1863–1945) Former Prime Minister of the United Kingdom

War Memoirs: Volume I (London: Odhams, 1938), p. 21.
War Memoirs

“So far from enjoying the undisputed hegemony which was so confidently predicted for British trade 50 years ago, there was not now an inch of ground in any one of the international markets for which we were not fighting with all our available strength. We had long ceased to enjoy that relative superiority in natural advantages with which we started upon the race.”

H. H. Asquith (1852–1928) Former Prime Minister of the United Kingdom

Speech in Leeds (23 November 1900), quoted in The Times (24 November 1900), p. 8
Opposition MP

“I say that such qualities were never more needed in the word. Let us hold on to what we are; let us not try to be like anybody else…With our pertinacity, our love of freedom, our love of ordered freedom, our respect for law, our respect for the individual and our power of combining in service; indeed, in our strength and in our weakness, I believe, from my heart, that our people are fitted to pass through whatever trials may be before us, and to emerge—if they are true to their own best traditions—a greater people in the future than they have been in the past.”

Stanley Baldwin (1867–1947) Former Prime Minister of the United Kingdom

Broadcast from London (25 September 1933), quoted in This Torch of Freedom (1935), p. 14.
1933

“Britain, as a relatively large economy which exports more to non-EU than to EU markets, would be better off trading freely with the single market than belonging to it.”

Daniel Hannan (1971) British politician

http://www.conservativehome.com/thecolumnists/2016/09/daniel-hannan-repeat-after-me-single-market-membership-and-single-market-access-are-not-the-same-thing.html
2010s

“In 1872 we sent to the protected countries of Europe and to the United States of America 116,000,000 of exported manufactures. In 1882…it fell to 88,000,000. In 1892…it fell to 75,000,000. In 1902, last year, although the general exports had increased, the exports of manufactures had decreased again to 73½ millions. And the total result of this is that after 30 years you are sending 42½ millions of manufactures less to the protected countries than you did 30 years ago. Then there the neutral countries…they have fallen 3½ millions…you have lost altogether in your export of manufactures 46 millions. How is it that that has not impressed the people before? Because the change has been concealed by our statistics…You have failed to observe that the continuance of your trade is dependent entirely on British possessions. While these foreign countries have declined 46 millions your British possessions have increased 40 millions.”

Joseph Chamberlain (1836–1914) British businessman, politician, and statesman

Speech in Glasgow (6 October 1903), quoted in The Times (7 October 1903), p. 4.
1900s

Help us to complete the source, original and additional information

David Lloyd George 172

Related quotes

Related topics