Economic Developments: Changes to Consumerism in 1973-4

Question 1

What did Credit allow people to do?

Answer 1

Buy things and pay for them later

Question 2

How was affluence seen by the early 1970s?

Answer 2

It was considered a fact of life

Question 3

What was the general idea of Barber’s 1973 budget?

Answer 3

It would limit credit and public spending

Question 4

What was the impact of Barber’s 1973 budget?

Answer 4

People were no longer able to engage as heavily in consumerism

Question 5

What was the significance of Barber’s budget for the public?

Answer 5

This was the first time in a long time that affluence had been heavily restricted

Question 6

Which country offered to help Britain amid their 1973-4 economic crisis?

Answer 6

Uganda

Question 7

How did Uganda offer help Britain?

Answer 7

They made a “Save Britain” fund and Idi Amin gave Britain 10,000 Ugandan Shillings of his own money to help and offered food

Question 8

What was the impact of Uganda’s proposed assistance for the British government? Why?

Answer 8

They were humiliated because Uganda used to be under the control of Britain

Question 9

What was the significance of Uganda offering help to Britain? What did it indicate?

Answer 9

It showed that even relatively poor countries compared to Britain offered aid to the country, indicating that Britain was failing heavily