This is the city of Glasgow, a city that was once known as the global hub for shipbuilding where 20% of all ships in the world were built, more than any other city on earth. And it was the second most economically important city for the British empire only behind London.
But fast forward to today, Glasgow’s shipbuilding industry (and consequently UK’s shipbuilding industry) is nowhere to be seen, most of its companies went bust, and most of its shipyards became derelict alongside residential areas that lay abandoned.
So what happened? How did Glasgow and the UK’s shipbuilding industry rise and become so dominant? How did this city make global trade possible? How did a global shockwave manage to kill the entire industry and consequently the entire city? And lastly, how does this contribute to the growing social and health problems in the community? Including the Glasgow effect where sadly, most of its citizens die prematurely.
0:00 - Intro
1:17 - The Origin
4:05 - The Rise of Glasgow Shipbuilding
9:20 - Two World Wars
12:05 - The Fall of Glasgow Shipbuilding
18:10 - Deindustrialization, Urban Shrinkage, Early Death
Music by Epidemic Sound
Stock Footage by Storyblocks
#Glasgow #Shipbuilding #Doverhill
about economics explained, about Finance and how money works, on the rise and fall of Glasgow's shipbuilding industry, This is an economics/finance video