Which of the following is NOT an argument that historians have made for Britain's loss of industrial leadership at the end of nineteenth century? Because of its continued adherence to the gold standard, Britain became stuck in a "liquidity trap." Britain relied on on-the-job training for workers, whereas Germany had pioneered sophisticated research universities. Second-generation industrialists adopted an aristocratic culture that was anti-business and anti-technology. The British Empire had funnelled human capital into colonial administration instead of economic entrepreneurship. Because of its early technological lead, Britain got "stuck" in older technologies.

Which of the following is NOT an argument that historians have made for Britain's loss of industrial leadership at the end of nineteenth century? Because of its continued adherence to the gold standard, Britain became stuck in a "liquidity trap." Britain relied on on-the-job training for workers, whereas Germany had pioneered sophisticated research universities. Second-generation industrialists adopted an aristocratic culture that was anti-business and anti-technology. The British Empire had funnelled human capital into colonial administration instead of economic entrepreneurship. Because of its early technological lead, Britain got "stuck" in older technologies.

		Because of its continued adherence to the gold standard, Britain became stuck in a "liquidity trap."
		Britain relied on on-the-job training for workers, whereas Germany had pioneered sophisticated research universities.
		Second-generation industrialists adopted an aristocratic culture that was anti-business and anti-technology.
		The British Empire had funnelled human capital into colonial administration instead of economic entrepreneurship.
		Because of its early technological lead, Britain got "stuck" in older technologies.