Why were the Conservatives able to dominate British politics for so long? Flashcards
What advantages did the Conservatives have?
Much of the period was one of economic growth, which led to a rise in living standards
Industrial growth was inevitable and stimulated by an increase in trade following Korea
What happened to Britain’s GDP growth and how did this compare to other nations?
Grew by 2.3%
Italy grew by 5.6%, Germany 5.1%, and Britain 2.3%
What happened to Britain’s share of the world trade and how did this compare to Germany?
Shrank from 25% to 15%
Germany’s grew from 7% to 20%
What can the decline in world trade be explained by?
Britain’s defence expenditure, which amounted to 10% of its GDP
What was the impact of defence costs?
34.5% of funds for research and development was spent on defence rather than providing funds for industrial growth
What was the government criticised for?
Failing to modernise staple industries and instead prioritising investment overseas and maintaining a strong sterling area
What is difficult to argue and what may be true?
The government aided industrial growth
That their policies may have limited it
How did the government defend its poor performance?
Argued that it was due to consumerism and industrial disruption
What was the situation with industrial action but what did the government have to do?
The number of hours lost to strikes was fewer than most countries
Give in to the Electricity Board workers
What was the period one of?
A continuous rise in living standards
What happened to wages?
Wages rose faster than prices so that people were able to buy more with the money they earned
In 1951 the average weekly wage was £8.30, but by 1964 it had risen to £18.35
What were chancellors able to do and what did they do in 1955 and 1959?
Cut income tax before elections
1955: reduced it by the equivalent of 2.5p
1959: reduced it by the equivalent of 3.75p
What was the impact of cutting taxes before the election?
Helped to increase the amount of money people had available to spend and improve the ‘feel-good’ factor
What happened to the purchase of goods and what was this a sign of?
500% rise in car ownership
Television ownership went up from 4% of the population to 91%
The purchase of labour-saving white goods also rose
That austerity was over
What was the impact of the rise in the purchase of goods?
Fewer reasons for the electorate to vote Labour as most were benefiting from rising living standards
How was the improvement of living standards also made possible?
The greater availability of credit
What began?🛫
A consumer boom and many were able to go on holidays abroad
How many houses did the party build by 1954 and while in office?
1954: 354,000
1.7 million
What declined?
Waiting lists for housing
What did the 1957 Rent Act do?
Abolished rent controls but led to rents rising
What happened to the number of people who owned their own property?
Rose from 25% pre WW2 to 44% by 1964
How had the housing boom been made possible?
Credit
Mortgage credit reached a rate of 17