6: Post War Economic Issues BRT Flashcards
Britain’s wartime economy: why was the former emphasis on ‘laissez fairs’ moved away from
The size of the war effort required state intervention
Britain’s wartime economy: why did size of war effort require state intervention
- increase in production of weapons
- had to supply vast quantities of war materials to its allies
- huge demands for transport
Britain’s wartime economy: what effect did the huge demand posed by the war have on the economy
Pushed up prices and created shortages of materials and workers in 1914
Britain’s wartime economy: why did the state begin commandeering stocks of vital war materials and fixing prices
Private industry couldn’t cope on its own
Britain’s wartime economy: what did LG persuade parliament to grant in 1915
More state powers over industry by extending DORA
Britain’s wartime economy: what did the ministry of munitions do
- set up central purchasing system for buying essential war materials
- organised British achieve to help war effort
- encouraged factories to convert from peacetime to war production
- built own national factories
Britain’s wartime economy: which industries came under state control
Key industries such as railways, docks and coal mines
Britain’s wartime economy: what were women encouraged to do
Enter jobs previously done by men
Britain’s wartime economy: what did ministry of munitions CONTROL
Prices wages and profits
Rationed essential foods
Bought 90% of all imported
Had charge of transport and fuel
Britain’s wartime economy: how did the state alter the clocks
By introducing British Summer Time
Britain’s wartime economy: what did the state reduce the strength of
Alcoholic drinks
Britain’s wartime economy: what did state limit opening hours for
Public houses
Britain’s wartime economy: why was a department of food production set up
-to increase amount of home grown foodstuffs
Britain’s wartime economy: how did government encourage food production
- subsidised farmers to plough up wasteland
- allocated scarce fertilisers
- prisoners of war to work on land
- encouraged women to volunteer for farm work
Paying for the war: gov spending increase 1913 to 1918
1913: £200 million
1918: £2600 million
Paying for the war: what were governments traditionally meant to do
Balance the budget
Paying for the war: what did gov have to do instead of balancing the budget
Had to borrow money from it’s own people and from neutral countries (particularly USA)
Paying for the war: what did gov have to do as well as borrowing
Increase taxation
Economic impact of war on workers: what were workers hit by as well as increased taxation
Rise in cost of living
Food prices rose by 10% in first month of war and continued to rise
Economic impact of war on workers: what did workers benefit from there being
More work
Economic impact of war on workers: pre war unemployed or casual part time workers position during war
Working full time
Economic impact of war on workers: how did unskilled workers benefit from war
Had real bargaining power because of labour shortages and consequently earned more
Economic impact of war on workers: how did those already in war increase their earnings
They were able to do more overtime
Economic impact of war on workers: how were better living standards evident for poorest in working class
Fall in poor relief applications and lower working class morality
Economic impact of war on workers: how were middle and upper classes more disadvantaged by war
Higher income tax rates and taxes on land
Many landed estates had to be sold off
Economic impact of war on workers: what percentage of landed estates had to be sold off in England 1917-1921
25%
Housing and austerity: what were working class homes like before the war
- already over crowded
- most lacked basic facilities
- joined up terraced houses
Housing and austerity: how did all resources being focused on war worsen housing situation
Me house building and even major repairs generally halted