Changes

==20th century==

==20th century==

The disadvantage of concentration on heavy industry became apparent after World War I, for other countries were themselves being industrialized and were no longer markets for Scottish products. Within Britain itself there was also more centralization, and industry tended to drift to the south, leaving Scotland on a neglected fringe. The entire period between the world wars was one of economic depression, of which the world-wide [[Great Depression]] of 1929-1939 was the most acute phase. The economy reviived with munitions production during World War II. After 1945, however, the older heavy industries continued to decline and the government has given financial encouragement to many new industries, ranging from atomic power and petrochemical production to light engineering. The economy has thus become more diversified and therefore stabler.

The disadvantage of concentration on heavy industry became apparent after World War I, for other countries were themselves being industrialized and were no longer markets for Scottish products. Within Britain itself there was also more centralization, and industry tended to drift to the south, leaving Scotland on a neglected fringe. The entire period between the world wars was one of economic depression, of which the worldwide [[Great Depression]] of 1929-1939 was the most acute phase. The economy reviived with munitions production during World War II. After 1945, however, the older heavy industries continued to decline and the government has given financial encouragement to many new industries, ranging from atomic power and petrochemical production to light engineering. The economy has thus become more diversified and therefore stabler.

==Bibliography==

==Bibliography==