Chapter 1-13 Wasted Years Paragraph 6

Question 1

What was most noted about Conservative period time in office?

Answer 1

Nevertheless, most noted was the Conservatives time in office saw the period of the “Golden Age” emerge as seen in significant real rise in living standards.

Question 2

How much did wages increase by and what did this mean people could do?

Answer 2

Wages rose by 72% and prices just 45% between 1951 and 1963, meaning people could buy more with their money.

Question 3

What did stop-go policies under the Conservatives cause in terms of employment?

Answer 3

Also, under the Conservatives their stop-go policies allowed for full employment.

Question 4

What did this cause and lead to?

Answer 4

This led to a rise in wages, which caused a demand for more consumer good as seen in the number of cars sold rose from 1.5 million to 5.5 million from 1950-1965

Question 5

What followed from the increase in consumerism?

Answer 5

As a result, a huge rise in prices followed, which caused inflation