1.13 Post-War Boom Flashcards
What was the significant increase in average weekly earnings between 1950 and 1964?
Average weekly earnings rose from £7.50 in 1950 to over £18 by 1964
What appliances became more common in homes during this period?
Appliances like vacuum cleaners, washing machines, electric heaters, televisions, and cookers became more prevalent, making homes more convenient.
How did consumer spending change between 1952 and 1964?
Consumer spending increased by 45% during this period.
What notable change occurred in car ownership between 1950 and 1964?
Car ownership quadrupled from 2 million to 8 million between 1950 and 1964.
How did home ownership change by 1964 compared to pre-war statistics?
Home ownership increased to 44% by 1964 from 25% pre-war.
What percentage of the population owned a TV by 1964 compared to 1950?
91% of the population owned a TV by 1964 compared to only 4% in 1950.
What was a term used to describe the economic situation in the late 1950s by Blake?
Blake described the late 1950s as a ‘Golden Age.’
What did Macmillan mention about the people’s standard of living in July 1957?
Macmillan stated, ‘Most of our people have never had it so good’ in July 1957.
What criticism did Labour direct towards the Conservative government’s economic policies?
Labour criticized the ‘13 Wasted Years’ and condemned the stop-go policies.
What were some negatives in Britain’s economic performance during this period?
Industrial production grew significantly more in France, Germany, and Japan than in Britain. Additionally, Britain’s share of world trade in manufactured goods declined.
What did the Labour Party call for in response to the economic situation?
Harold Wilson called for modernization to address the economic challenges.
According to the information provided, what were some reasons for the negatives in Britain’s economic performance?
Conservative governments were criticized for representing upper-class attitudes and interests, neglecting wealth creation, economic efficiency, and failing to prioritize modernization efforts.
