History of England - 20th and 21st Centuries

20th and 21st Centuries

A prolonged agricultural depression in Britain at the end of the 19th century, together with the introduction in the 20th century of increasingly heavy levels of taxation on inherited wealth, put an end to agricultural land as the primary source of wealth for the upper classes. Many estates were sold or broken up, and this trend was accelerated by the introduction of protection for agricultural tenancies, encouraging outright sales, from the mid-20th century.