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An empire once again?

The Horological State of the Union Jack

The 1700s really were the halcyon days of horological innovation and most of it was happening in the British Isles. In 1800, some reports say that Britain made half the world’s watches, around 200,000 a year. By 1900 however, production numbers had fallen to roughly 100,000, though worldwide consumption was by then in the millions. So what happened? And where does British timekeeping stand today?