Post-war Consensus Flashcards
What was the post-war consensus?
Period in British politics from late 40s to late 70s where broad agreement between the major political parties on key economic, social and foreign policies
Why did the post-war consensus emerge?
1) Legacy of the war- shared sacrifices during WWII led to widespread support for policies that would improve social conditions
2) Economic Challenges-post war debt and need to rebuild infrastructure, which required government intervention
3) Shared values- belief in collectivism and government responsibility for welfare and economic management widely accepted
What were the key features of the post-war consensus?
- Welfare state-both parties supported implementation of the Beveridge Report (1942). Including the creation of the NHS (1948), as well as reforms in education, housing and social security
2.Mixed Economy-balance between private enterprise and government intervention. Labour nationalised coal, steel and railway industries in 40s and the Conservatives didn’t reverse
3.Full Employment-maintain low unemployment through Keynesian economic policies (inc government spending to stimulate demand) - Industrial Relations-cooperation between government, trade unions and employers to ensure industrial peace and growth
- Commitment to national defence and international alliances - Cold War role, NATO membership and maintenance of nuclear deterrent + same approach to decolonisation
- Commitment to Social equality- progressive taxation, welfare reforms, education policies (creation of secondary schools)
Why did the post-war consensus end?
- Economic Decline
Stagflation (high inflation and unemployment), particularly during Winter of Discontent (1978/9), devaluation undermined confidence in Keynesian economics - Rise of Thatcherism
A shift towards free market policies, privatisation, reduced state intervention (conservatives shift to free market policies)
Was the post-war consensus successful?
Period of political stability and sensible practical governance but some argue it was ineffective in addressing long-term economic and social challenges