Britain Key Words Flashcards
What is welfare?
State of doing well in terms of happiness, good fortune, wellbeing
What is Capitalism?
An economic system by which individuals and companies trade and invest for private profit
What is Collectivism?
The people and the state acting together with a common sense of purpose, which necessarily meant a restriction on individual rights
What is Individualism?
Emphasis on the rights and freedoms of each citizen as opposed to collectivising power of the state
What is Mixed Economy?
A system in which the private and public sectors of the economy both operate
What are Real Wages?
The purchasing power of the earnings when set against their prices
What is Common Market?
Trading system between equal states with the minimum of regulation
What is property owning democracy?
A society in which people are encouraged to become homeowners, on the principle that the ownership of the property is a necessary part of democracy
What are Mod Cons?
Short for modern conveniences
ie central heating, vacuum cleaners, refrigerators and washing machine
What are unilateralists?
Those who believed Britain should give up its atomic weapons without waiting for a multilateral agreement between the nuclear powers to do so.
What is a Special relationship?
Churchill’s term to describe the values that the US and Britain had, making them natural allies
What is CND?
Campaign for Nuclear Disarmament
What is Apartheid?
In theory, the notion of separate and equal development for different racial groups in South Africa
How long did Harold Macmillan last as PM?
1957-63
How long did Alec Douglas Home last as PM?
1963-4
