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  1. Using prefixes dis-, il-, ir-, un-, non-, etc., give negatives which are related to the following:

Rational

Productive

competitive

Effective

Employed

Able

Profitable

  1. Give verbs which correspond to the following nouns:

Nouns

Verbs

occupation

Provision

construction

Worker

Industry

Economy

production

  1. Summarize the main idea of the text in 8-10 sentences.

  1. Now you know that Britain used to be the “workshop of the world”. Read the following text dealing with the topic of Unit I. The Victorian boom and the Great Exhibition

Until the 1840s the success of British industrial expansion rested largely on cotton and, to a lesser extent, wool textiles and a proliferation of smaller scale consumer goods. The economy flourished when cotton boomed and exports were high. However, when markets became overstocked and confidence was shaken, the economy went into recession. This pattern of boom and slump continued throughout the 19th century. However, the success of the economy came to rest on much broader foundations by the 1840s with the expansion of railway networks first at home then abroad. Furthermore, there was growing demand from other industrializing nations and the range of British manufactures was extended, particularly in iron and steel sectors and in engineering. Risks were great and bankruptcy rates were high but start-up costs in most sectors were relatively low. Capital and credit were easily available and many individuals and families became wealthy and successful. So superior in terms of competitiveness and pricing were most British manufactures of the mid-19th century that the extension of free trade created a further positive dynamic. Even the much debated repeal of the Corn Laws in 1846, which were laws preventing the importation of foreign grains until domestic prices reached very high levels, did not have the disastrous impact predicted by the agricultural lobby. This was because raised investment in the sector, growing specialization and rising urban demands for foodstuffs ushered in a period of 'High Farming' and general profitability. Not only British products but also British ships, British capital and British financial institutions dominated world trading.

The Great Exhibition of 1851 marked the peak of British economic dominance. A huge range of British products were displayed for foreign and domestic visitors in the monumental visionary architectural achievement of the Crystal Palace in Hyde Park. However, the storm clouds were already gathering. Other countries, particularly Germany, and the United States were catching Britain up. They had more abundant and cheaper supplies of energy and raw materials. Railways would soon open up the great granaries of the world in Russia, and North America flooding Europe with cheap grain. The way ahead lay in retreat into the unprotected and more easily exploitable markets of the Empire. Growth in the economy was decelerating from the 1870s. Some sectors, notably arable farming, textiles, iron and steel, engineering and several consumer goods were entering a more difficult phase. Entirely new industries such as chemicals were to be pioneered elsewhere, notably in Germany.

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