Chapter 18 Flashcards

Economic issues

1
Q

What did the Emergency Powers (Defence) Act 1939 legislate?

A

The government was granted authority to make regulations covering any aspect of life

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2
Q

What sort of ministries were established during the war?

A

Ministry of Aircraft Production, Ministry of Labour and 1942 Ministry of Production

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3
Q

How many workers were under the Royal Ordinance Factories

A

300,000

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4
Q

What were Bevin’s aims in the Ministry of Labour?

A

To get the unemployed into work, but also ensure every industry was represented

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5
Q

How much did the total workforce rise by during the war?

A

2 million

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6
Q

How did Bevin improve working and living conditions?

A

He used ‘essential work orders’ to improve canteens, medical centres, wages and trade union powers

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7
Q

How was agriculture encouraged during WW2?

A

The ‘Dig for Victory’ campaign led to a huge rise in home grown vegetables across the country

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8
Q

What were the Labour government’s rationing policies?

A

Living standards were held down under austerity, bread was rationed from 1946-48

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9
Q

What were the Labour government’s rebuilding policies?

A

There was an ‘export drive’ in order to buy imports of food and raw materials

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10
Q

What were the Labour government’s peaceful industrial production policies?

A

Government controls maintained the allocation of materials, encouraged new factories in deprived areas

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11
Q

What were the Labour government’s economic planning and employment policies?

A

Nationalisation, used taxation, interest rates, and the budget to stimulate the economy

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12
Q

What were the Labour government’s new policies?

A

General Agreement on Tarrifs and Trade (GATT) at Bretton Woods in 1944 to reguate world trad

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13
Q

How did Britain face a financial crisis as a result of the war?

A

Debts of £4198 million, balance of payments crisis, drop of 60% in exports, rapidly increasing costs of the military

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14
Q

What were the conditions of the loan that Keynes negotiated with the USA?

A

Britain had to end its economic policy of giving countries’ preference, Britain had to join GATT, had to make the pound fully convertible to dollars

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15
Q

What economic crisis shook Attlee’s government?

A

There were not enough dollars in the Bank of England to make the pound convertible

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16
Q

How much aid did the Marshall Plan give to Europe

A

13 billion dollars

17
Q

How had the Labour government’s export drive proved successful?

A

Exports had increased by nearly 80% between 1946-50

18
Q

What significant economic successes did the Labour government have?

A

Interest rates, inflation and wage rates were low, productivity in agriculture improved, half of all new factories sat in formerly deprived areas

19
Q

How was the Labour government successful in their nationalisation policy?

A

They publicly owned 20% of economic enterprises and employed 10% of the workforce

20
Q

How did nationalisation bring improvements in some industries?

A

Supplies of electricty and gas were expanded, growth in civil aviation and communications, safety and working conditions met minimum standards

21
Q

How much were private owners of business compensated?

A

£2700

22
Q

How did nationalisation not fully provide benefits?

A

Labour’s administrative system did not directly involve workers or consumers

23
Q

How was nationalisation arguably radical?

A

Nationalisation moved Britain towards being a collectivist society, the economy ceased to be entirely capitalist, now a ‘mixed economy’

24
Q

How was nationalisation arguably not radical?

A

Most industries nationalised already had some State involvement, socialist demands for workers control were ignored, private owners were compensated, most industry remained in private hands