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A case study of economic Investment in South Wales
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- Words:
- 683
- Submitted:
- Fri Sep 05 2003
... Investment in South Wales ECONOMIC A case study of: * Employment opportunities / employment structures change over time * Employment opportunities are not evenly distributed in a country * Physical landscape affects job opportunities * Political decisions affect job opportunities in a region (government & EC incentives) Early 19th - 20th century One of the main growth areas in the industrial revolution. Iron & steel industry developed due to: 1. Geological Coincidence of 3 main raw materials - coal, ironstone, limestone 2. Accessibility of these to surface - in valley floors 3. Access to coast for export links 4. Labour force being eased off the land from farming 5. Large supplies of coal and iron cut transport cost On the eve of the First World War, South Wales was one of the richest industrial areas in the world. 20th century Supplies of iron began to run out. Steel works closed but 3 larger "integrated works" were developed at Port Talbot, Cardiff & Newport on the
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