Trade And Commerce 1947 -1967

Question 1

What was the role of the Empire and Commonwealth until the 1960s?

Answer 1

Until the 1960s, the Empire and Commonwealth were extremely important for Britain’s international trading position. They provided essential imports of food and raw materials at a time when Britain’s reserves of foreign exchange were too limited to source imports from many other parts of the world. A great deal of British investment also went to the Empire. In 1956 approximately 58% of all overseas investments in the UK in shares and securities were in Empire companies and governments.

Question 2

What was the role of empire and commonwealth after the 1960s?

Answer 2

However, from the 1960s, other parts of the world, and especially Western Europe, became more important to Britain.

Question 3

British imports

Answer 3

L

Question 4

British exports

Answer 4

L

Question 5

How good did the European economy recover from the war?

Answer 5

The European economy recovered from the war much more quickly and impressively than might have been expected. This was partly thanks to US Marshall Aid, the continuing support