Key words: Britain Flashcards
Branches of Government
Judicial: courts and supreme courts
Legislative: house of commons and the house of lords
Executive: government as a whole, the people at the top and the Queen
Austerity
Less government spending
Anachronism
Out of time/old fashioned
‘Stop - go’ Economics
.Imports exceed exports + balance of payment crisis .Government controls: high interest and wage freezes .Demand falls .Output decreases .Controls removed .Increase in demand .Rising imports Loop
Monetarism
Variations in money supply influence the national output in the short term and price levels in the long run
The ‘Establishment’
The informal networks that connected the elites: privileged people who had influence, e.g. aristocracy, politicians, civil servants. Often went to the same private schools
‘Blackberrying’
When white men would go out in the 50s and attack black people
Schuman Plan
- Set out the proposals for a coal and steel community that’d integrate French and German heavy industry to promote unity and rapid economic reconstructions
ECSC
- Arranged supranational institutions for the big 6’s ( France, West Germany, Italy, Belgium, the Netherlands, and Luxembourg) coal and steel industries
Messina
An international conference was held here in 1955 with the EEC (European Economic Community) and the big 6
Treaty of Rome
Signed in 1957. This set up the EEC, the results of talks at the Messina conference
European Free Trade Association
Created in 1960 by Britain along with Austria, Denmark, Norway, Portugal, Sweden and Switzerland (the 7 countries not involved in the EEC) as an alternative to the EEC
‘Special Relationship’
Relationship between Britain and USA
Became close allies during the Cold War
‘Closed Shop’
A place where you can’t work unless you’re part of the union
Shop Steward
Represents the workers. Union representative
