THE AFFLUENT SOCIETY = ECONOMIC DEVL (POST-WAR BOOM) Flashcards
what was economic like in Britain during the great depression in 1930s?
awful time of misery, mass unemployment and failure by government to solve problems
what was Britain’s economic like during second world war?
all parts of nation worked together to defeat the forces of veil by national effort and shared sacrifice
what was the post war boom?
a period after ww2 where everything was at a consensus and things were looking up
when did food rationing come to an end?
July 1954
what was the increase in population from 1951-61
2 million - 15 million
what was employment like during post war boom?
1955 full employment had been reached with only 200,000 unemployed in traditional occupations like agriculture, fishing and coal mining
what did the chancellor Butler do to boost conservative election votes?
a give away budget that provided the middle class with £134 million tax cuts - people get more affluent and there was growth in consumerism
how was trade like in 1950s?
Britain imported 29% more good than i did in 1951
how much was trade production in 1959 for the UK
129