1.11: Rising Affluence Flashcards
What was the growth rate of the economy between 1951 and 1964, compared to the pre-war period?
The economy grew by 2-3% annually between 1951 and 1964, a significant increase from the 1.3% growth in the pre-war period.
How did unemployment levels change during this period?
Unemployment remained below 2% for most of the time between 1951 and 1964, indicating a relatively low rate compared to earlier periods.
Under Macmillan’s leadership, by what percentage did investment in manufacturing increase?
Investment in manufacturing rose by 26% under Macmillan’s governance, reflecting growth and expansion in this sector.
What percentage of people owned a television by 1964, compared to 1950?
By 1964, 91% of the population owned a television, a substantial rise from only 4% in 1950.
How did home ownership change from the pre-war period to 1964?
Home ownership increased to 44% by 1964, a significant surge from the 25% ownership rate before the war.
What major impact did Hire Purchase have on household goods ownership?
Hire Purchase facilitated the increase in ownership of household goods, allowing more people to afford such items.
What change occurred in the advertising industry after ITV launched in 1955?
The advertising industry saw a significant boost in visibility, particularly after the launch of ITV in 1955, reflecting the growing consumer culture.
How did leisure activities change during this period?
Ideas about holidays and leisure activities evolved, with Butlins seeing 60,000 people holidaying there every week during the 1950s.
What percentage of the population could afford foreign holidays during this time?
Foreign holidays remained a luxury, enjoyed by only 2% of the population, highlighting their exclusivity.
