The Post-War Boom Flashcards

1
Q

End of Rationing

A
  • Conservatives ended rationing in 1954 as they promised in their manifesto
  • The austerity (gov cuts) of wartime was now over and the British people were set to enjoy a higher standard of living than ever before
  • The general pattern of the 1950s would be one of continued economic improvement
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2
Q

The Post-War
Baby Boom

A
  • Swift acceleration in birth rate at the end of WW2 leading to a faster increasing population
  • Many people previously delayed getting married or starting families due to the uncertainties of wartime or men being conscripted into the army
  • Once the war was over, men were now marrying and starting families
  • Babies born in the early 1950s became known as the ‘Baby-Boom Generation’
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3
Q

Full Employment

A
  • Global economy was booming as countries rebuilt after WW2
  • Led to a sustained increase in overseas trade which brought high levels of earnings from exports and investments
  • Due to this and rising consumer demand at home, plentiful employment was ensured
  • 1955: estimated that full employment had been achieved with only 200,000 unemployed (less than 1%)
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4
Q

The Golden Age
of Employment

A
  • All governments were committed to full employment (post-war consensus)
  • Employment was stable with ‘jobs for life’ guaranteed
  • Pensions were generous and able to give a good quality of life during retirement
  • Possible to leave school at an early age with minimal qualifications and still gain a high paid job for life in Britain’s traditional industries, e.g. coal mines & textile mills
  • Welfare state provided a comfortable safety net
  • Trade unions were strong and were able to defend the pay and working conditions of workers
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5
Q

Changing Employment
(Growth of Service Industries)

A
  • Traditional occupations fell during this period (coal-mining, shipbuilding)
  • Huge expansion in electrical and engineering work
  • More jobs in industries related to cars, steel and other metals
  • Service industries ranging from financial and professional services to transport and sales were growing
  • 1960: 5 million were employed in service industries-1 in 5 people/5% of the population
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6
Q

The Consumer Boom
(Raising Living Incomes
and Living Standards)

A
  • Economic and low unemployment brought rising wages and a spectacular rise in income
  • People felt more affluent and there was a growth in consumerism
  • In the run-up to the 1955 Election, Butler was able to boost Conservative election prospects with a ‘give-away budget’ that provided the middle-classes with £134 million in tax cuts
  • Run-up to the 1959 Election, Heath-cote Amory boosted Conservative election prospects with another ‘give-away budget’ providing middle-classes with £370 million in tax cuts
  • Late 1950s: improvement in world trade enabled Britain to import 29% more goods than in 1951 for the same number of imports
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7
Q

A ‘Property-Owning
Democracy’

A
  • Housing explosion made possible with the relative case with which money could be borrowed and repaid over a long period of time
  • Encouraged by government, banks and building societies with things such as mortgages allowing more people to buy their own homes
  • Conservative Party called this a ‘property-owning democracy’
  • Many people were encouraged to become home-owners based on the principle that the ownership of property is an essential component of democracy
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8
Q

The Age of Affluence

A
  • Britain enjoyed a higher income per head than any other major country except the US
  • Late 1950s were years of optimism
  • British enjoyed more jobs, money, goods, better housing and the provisions of the new welfare state
  • Adults who were used to wartime deprivation, now found themselves with money to spend on cars, new appliances, luxuries and entertainment
  • Younger generation who were growing up oblivious to past shortages and amid plenty, sought to enjoy life to its fullest
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