Economic Development, 1951-1964 Flashcards
1
Q
What was the post-war economic boom?
A
The world economy grew as the countries recovered. Food rationing in Britain ended in 1954. Full employment by 1955 and rise in living standards.
2
Q
What were the effects of rising productivity in Britain post-WWII?
A
Higher wages, boosted a demand for consumer goods which encouraged further economic growth.
