Economic Developments 1951 - 1964

Question 1

Food rationing ended in…

Answer 1

1954

Question 2

Prosperity increased due to an increase in ____

Answer 2

Trade and exports

Question 3

During the baby boom, there was a _% population increase

Answer 3

5%

Question 4

Rising consumer demand led to…

Answer 4

Virtually full employment

Question 5

Less than _% of the workforce was unemployed by 1955

Answer 5

1%

Question 6

_____ industry expanded rapidly

Answer 6

Services

Question 7

By ____, nearly __% of the population were employed in the service industry

Answer 7

1960
20%

Question 8

In 1951 to 1964 there was a strong sense of…

Answer 8

Affluence

Question 9

Wages rising faster than production led to…

Answer 9

Inflation

Question 10

The conservatives were locked in a cycle of…

Answer 10

Stop-go policies

Question 11

In 1956 the Suez Crisis led to…

Answer 11

A run on the £

Question 12

Britain had to ____ in 1961

Answer 12

Ask the IMF for a loan

Question 13

Macmillan’s application to ___ was denied in ____

Answer 13

Join the EEC
1961

Question 14

The stop-go polices were…

Answer 14

Short term solutions

Question 15

What economic planning forum was set up in 1962 and why?

Answer 15

The National Economic Development Council (NEDC or ‘Neddy’)
To bring together management, trades unions, and government

Question 16

What was set up to regulated wage increases in 1962?

Answer 16

National Incomes Commission (NIC or ‘Nicky’)

Question 17

Between ____ and ____, house building rose __%

Answer 17

1952 and 1955
50%

Question 18

There was an economic boom ___ to ___

Answer 18

1958 to 1960

Question 19

Unemployment had risen to ____ by ____

Answer 19

500,000
1958

Question 20

In total ____ houses were built

Answer 20

1.7 million

Question 21

Britain’s income per head in 1959 was the ____ highest in the world

Answer 21

Second highest

Question 22

The economy grew __% from ____ to ____, but compared to West Germany’s ___% this was fairly low

Answer 22

29%
1951 to 1959
125%

Question 23

Butler’s election tax cuts of ___ in ____ was blamed for ___

Answer 23

£134 million in 1955
Blamed for over heating the economy

Question 24

Disagreements between trade unions and Conservatives led to the number of days lost to strikes rising from ___ in ___ to ___ in ___

Answer 24

Rose from 2 million in 1956 to 8.5 million in 1957

Question 25

Cost of living rose __% from ____ to ___

Answer 25

38%
1957 to 1963