Hi! :)
In his speech, he talked about a third alternative, he said if only British government were able to form alliances among countries against Germany and if they are able to strengthen air force and British Army, only then they could have prevented Germany from taking Sudetenland. He believed that Germany will continue to expand its territories eyeing in Western Europe and British territories are not exempted.
Because when people go into debt they can't pay for thing and that messes up the business cycle because people file for bankruotys and the unemmoymet rate goes up and people buy less stuff and businesses go out of buisness.
The first Industrial Revolution began in Great Britain after 1750. There were several factors that combined to make Great Britain an ideal place for industrialization. First, the Agricultural Revolution of the 18th century created a favorable climate for industrialization.
From what little i know, They split the empire up into 2 sections with 2 separate emperors