Political Developments: Economic and Housing Issues Flashcards

1
Q

Who did Churchill install at the Ministry of Housing?

A

Macmillan

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2
Q

Why was Churchill initially cautious to do anything drastic?

A

Only had a small seat majority of 17

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3
Q

How did the small seat majority impact the way Churchill structured his cabinet?

A

He made it from his trusted wartime associates

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4
Q

How many houses did Macmillan have to build a year?

A

300,000

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5
Q

Which sector did Conservatives get to make houses?

A

Private Sector

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6
Q

Which sector did Labour want to make the houses? Why?

A

Public Sectorto avoid tenants experiencing discrimination

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7
Q

When did the Tories Rent Act happen? What did it do?

A
  1. Lifted rent controls on over 400,000 houses
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8
Q

How would the Tories Rent Act affect some British people?

A

Poorer people would not be able to pay rent

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9
Q

What was the Ministry of Housing called?

A

A ‘poisoned chalice’

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10
Q

Why was the ministry of housing referred to in this way?

A

It could ruin someones political reputation

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11
Q

What percentage of government spending went to the Korean War?

A

30%

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12
Q

What is the belief of natural swing?

A

One party winning will correct itself in favour of the other by the next election

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13
Q

What was the Conservative seat majority in 1951?

A

17 seats

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14
Q

Who did Churchill put as Chancellor of the Exchequer?

A

R.A Butler

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15
Q

What ideology was Butler Under?

A

One Nation Conservatism

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16
Q

What scheme did the treasury make to try and help with economic crises? What year?

A

‘ROBOT’ scheme, 1952

17
Q

What would have been the impact of the ROBOT scheme?

A

High unemployment

18
Q

Who did Butler have a lot of continuity with in his policies?

A

Hugh Gaitskell

19
Q

What did the similarities between Butler and Gaitskell emphasise?

A

Cross-Party Consensus

20
Q

What industries were denationalized under the Conservatives?

A

Iron, Steel, Road Haulage

20
Q

What was unemployment at in 1955?

A

232,000 so below 1%

21
Q

What did Conservatives say they would do with Labours Welfare State?

A

They would keep it and expand it

22
Q

Which economic theory dominated all governments from 1945-79?

A

Keynesianism

23
Q

What was Keynesianism?

A

Government should always invest in industy even if going in to debt for growth

24
Q

What was Butler told when he became Chancellor of the Exchequer?

A

Large BoP deficit due to the Korean War, so British reserves to pay for imports were stressed

25
Q

What was a recurring economic issue for the Conservatives?

A

Stop-Go Economics

26
Q

How did Butler respond to the BoP Deficit?

A

He cut travel allowances to £50.00

27
Q

What was the impact of Butlers budget to reduce the BoP Deficit by 1953?

A

Surge in exports occurred so there was a boom in 1953

28
Q

What did Butler do in his 1953 budget?

A

Cut income tax to 45% and cut purchase tax

29
Q

What would the ‘ROBOT’ scheme have done?

A

Abandonde the pounds fixed exchange rate