Why did Labour lose the 1970 election? [ESSAY PLAN] Flashcards
When did Wilson try to introduce ‘in place of strife’= ?
1969
Affluence= ?
The state of having a great deal of money/wealth. The situation where even the working class has enough money to afford non-essential and enjoy a relatively good standard of living.
How can we tell that 1950s Britain was an affluent society?
-Reaping the benefits of the Marshall aid plan
-The amount of foreign holidays substantially increased
-The number of fridges, TV sets and cars rose by almost 100% by 1970
Which facts suggest that 1950s Britain was not an affluent society?
-Most homes and white goods were purchased in hire purchase schemes meaning that new owners had to pay more for their items.
-Certain parts of Britain such as the North were still poor
-Large percentage of the working class were still in low income jobs
What were the two main aims of the Keynesian economic policies?
-Maintaining full employment
-Industry efficiency by using government regulating the demand.
Give three reasons for why Wilson tried to introduce ‘In place of strife’:
-Believed that the trade unions were responsible for sabotaging effort of modernization in industry.
-He blamed them for widespread fall in productivity.
-Trade unions were becoming more powerful
Give three main reasons why the attempt to regulate industrial relations during 1964-70 Labour government failed:
-Labour party relied on the financial support of the trade unions
-Wilson was easily swayed by his kitchen cabinet [James Callaghan reminding him of the union support for labour and his role as PM]
-Many cabinet members and party members such as James Callaghan were against introducing regulation of the trade unions.
When was the National Plan abandoned?
1967
By how much was the pound devalued in 1967= ?
The 1967 sterling devaluation was a devaluation of the sterling from $2.80 to $2.40 per pound.
