Economic recovery Flashcards
1
Q
What helped stimulate the economy?
A
American loans
2
Q
How was the country extensively rationalised?
A
New management and production techniques were introduced.
Old machinery was replaced
3
Q
Which industries developed?
A
Car and aeroplane
4
Q
What did loans finance?
A
Schools, housing, road and public works
5
Q
Why did strikes decrease?
A
Compulsory arbitration
6
Q
What is arbitration?
A
Where both sides (during industrial disputes) agree to allow and independent figure decide on a solution
7
Q
A
