Problems in the economy in the 1970s Flashcards
1
Q
What were the factors that contributed to problem in the UK economy in the 1970s?
A
Prices of goods and raw materials rose sharply
Exchange rate of the pount was unstable
2
Q
What was the primary economic problem in Britain in the 70s?
A
Balance of payments: imports were valued at more than exports (country spending more than earning)
3
Q
What type of actions contributed to problems between industries/services and the government?
A
Strikes
4
Q
What was the impact on public opinion of frequent strikes?
A
People began to think union were too powerful
Union activity was harming the UK
5
Q
What year was the Northern Ireland Parliament suspended?
A
1972
6
Q
How many people died in Northern Ireland during the decades of violence that followed 1969?
A
Around 3,000
