Employment

Question 1

Knowlege

Answer 1

The Labour government believed key industries should be owned by the nation, not private companies. This system, called ‘nationalization,’ put these industries under government control.

Question 2

Knowlege

Answer 2

Nationalized industries, like electricity, railways, and the Bank of England, were funded by taxpayers to keep unprofitable businesses running and reduce unemployment.

Question 3

Analysis plus

Answer 3

“The greatest revolution brought about by the labour government” -Dalton Unsurprisingly this assertion is not completely true. low unemployment is due to a mixture of the government’s policies, private industries, local councils and the baby boom.

Question 4

Analysis

Answer 4

This was important as Near full employment was achieved. The unemployment rate was generally low under Labour, only around 3%. Any profits made by nationalised industries went go to government revenues, not private shareholders, enabling the Government to lower tax rates.