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Steel CityEntrepreneurship, Strategy, and Technology in Sheffield 1743-1993$
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Geoffrey Tweedale

Print publication date: 1995

Print ISBN-13: 9780198288664

Published to Oxford Scholarship Online: October 2011

DOI: 10.1093/acprof:oso/9780198288664.001.0001

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Sheffield Steel in War and Peace to 1960

Sheffield Steel in War and Peace to 1960

Chapter:
(p.296) (p.297) 9 Sheffield Steel in War and Peace to 1960
Source:
Steel City
Author(s):

Geoffrey Tweedale

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780198288664.003.0085

Since the world steel industry depended greatly on the capital goods sector, it was significantly affected by the great depression. Since Sheffield firms were some of the most prominent in the industry, the fall in production shook the firms greatly. The tariff of 1932 and the establishment of the British Iron and Steel Federation (BISF) in 1934 furthered the recovery of the industry which was experienced in 1933. After the mid-1930s, the recovery shows how the rearmament programme brought about important impacts on the industry. The renewed orders for rearmament furthered the status of old arms firms such as Hadfields and the English Steel Corporation (ESC). This chapter explores the advantages and disadvantages of staying with armaments and how the steel industry adopted to peacetime.

Keywords:   world steel industry, BISF, rearmament programme, ESC, peacetime, arms firms

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