Britain 1970-1974 (KO) Flashcards
When did Heath win the election?
1970
When was the Industrial Relations Act?
1971
When does the UK formally enter the EEC
1973
When does Wilson beat Heath?
1974
How many seats did the Conservatives win in the 1970 election?
330
What was the three-day week? What were its impacts?
- Restrictive measures limiting people to electricity three days a week, interfering with industry.
- Reminder of the austerity of wartime, people sat without light and heating for long periods.
What allowed Britains 1973 EEC entry? What was Heaths reasoning?
- De Gaulle retiring
- The economic situation made it essential
What did Britain sign in 1972 to become a full member of the EEC?
The Treaty of Accession in 1972 - became full member in 1973
What was a weakness of Britain’s entry? Example?
- Due to late entry, it could not negotiate from a position of strength.
- The EEC demanded that commonwealth food and goods could not longer enter on preferential terms.
What caused the international oil price rise in 1973?
In the Arab-Israeli war in 1973, countries deemed to support Israel were restricted in the amount and price of oil, which was controlled by OPEC (middle eastern controllers of global oil)
What was the impact on the price of a barrel of oil of the international oil price rise 1973?
- prices of oil were increased from $2 to $35 per barrel.
What did the 1973 oil crisis do to British industry? Balance of payments deficit? Value of sterling? Unemployment doubles between?
- This caused rapid and severe inflation in industry, leading to severe recession.
- balance of payments deficit rises to £1 billion.
- 16% inflation
- value of sterling drops to $1.57
- unemployment doubled between 1974-6.
What was the idea of the ‘Selsdon man’?
- A symbolic anti-Keynesian, pro-market individual.
- Based on Heath having announced desire to break the post-war consensus on state intervention at Selsdon Park.
What was the reform of Local government under Heath?
- led by Peter Walker
- Sweeping reforms, reshaping the structure of local government and destroying historical administrative landmarks
- seen as an attack on local identity
What pushed Heath to his U-turn?
- Inflation had risen to 15% by the end of 1971
- Declining industrial output