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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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The Family Firm in Tool Steelmaking

The Family Firm in Tool Steelmaking

(p.212) (p.213) 6 The Family Firm in Tool Steelmaking
Steel City

Geoffrey Tweedale

Oxford University Press

The First World War served as the turning point not only for the steel industry of Sheffield, but for the development of the economy of Britain on the whole. Before 1914, the initial steel boom may be characterized by ‘over-full’ employment and orders, and evidently, there was a significant increase in the demand for steel that may be attributed to key innovations, replacing steel with iron, the utilization of new ore supplies, and the developments of consumers such as railways and shipbuilding. The situation changed, however, in 1918 and this led to the chronic depression of the 1920s, the severe depression experienced during the period between 1930 and 1933, and a revival that furthered when the Second World War broke out. These events did bring about some advantages, however, such as how steel was used in different industries and various opportunities for modernization. This chapter focuses mainly on the development of small firms for the production of steel and alloy which were usually under significant family control.

Keywords:   Second World War, depression, steel, different industries, modernization, family control, small firms, steel and alloy

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