1971-1974 Timeline Of Crisis

Question 1

What happened at beginning of 1971?

Answer 1

-13,551,000 working days lost
-industrial relations act

Question 2

What did the industrial relations act propose?

Answer 2

-workers had right to choose if join a union (removed power of closed shop)
-National Ind relations court + Ind relations commission set up
-power to gov to order a pre strike ballot + cooling off period up to 60 days

Question 3

What happened from Jan to Feb 1972?

Answer 3

-minder strike - demanded 47% pay increase by gov offered 7%
-280,000 miners on strike
-25% pay rise agreed among highest paid working class occupations

Question 4

What was the incomes policy of march 1972?

Answer 4

-pay rises limited to 7% a year
-state managed + not free marked like Heath wanted
-incl. threshold payments - if inflation above certain level then pay go up automatically

Question 5

What happened in march 1972?

Answer 5

-23,909,000 working days lost
-barber’s boom

Question 6

What happened in October 1973?

Answer 6

-Yom Kippur War oil price shock
-Israel surprise attack + cut off oil to USA + cost increase for the rest
-oil shortages due to price

Question 7

What happened in November 1973?

Answer 7

-workers overtime ban

Question 8

What happened 3st December 1973?

Answer 8

-state of emergency declared + 3 day week
-Heath imposed widespread restrictions on electricity
-only used in shit etc. for 3 days a week
-panic buying due to price increases
-many workers laid off due to power shortages — blamed miners + gov

Question 9

What happened early 1974?

Answer 9

-14,750,000 working days lost
-Feb general election