The first country to have an Industrial Revolution, which made them the richest country.
They traded a wide range of goods, brought in from the British Empire, which was expansive, and goods that could only be made in industrialised Britain.
Through Victoria's marriage to Albert, the royal family had ties to monarchies all over Europe.
Queen Victoria - 'Grandmother of Europe'
Monarchy was largely symbolic
Despite money and power, Britain was a divided nation economically. The upper and middle class consisted of about 30% of the population, while the working class made up 70%
There were signs that Britain's status as an economic leader were under threat.
USA - Making more goods than Britain and Germany.
Germany - higher production of coal, iron and chemicals.