Changes to Consumerism in 1973-4 Flashcards
What did Credit allow people to do?
Buy things and pay for them later
How was affluence seen by the early 1970s?
It was considered a fact of life
What was the general idea of Barber’s 1973 budget?
It would limit credit and public spending
What was the impact of Barber’s 1973 budget?
People were no longer able to engage as heavily in consumerism
What was the significance of Barber’s budget for the public?
This was the first time in a long time that affluence had been heavily restricted
Which country offered to help Britain amid their 1973-4 economic crisis?
Uganda
How did Uganda offer help Britain?
They made a “Save Britain” fund and Idi Amin gave Britain 10,000 Ugandan Shillings of his own money to help and offered food
What was the impact of Uganda’s proposed assistance for the British government? Why?
They were humiliated because Uganda used to be under the control of Britain
What was the significance of Uganda offering help to Britain? What did it indicate?
It showed that even relatively poor countries compared to Britain offered aid to the country, indicating that Britain was failing heavily