The post-war consensus

Question 1

How many elections took place between 1951 and 1964?

Answer 1

Four:

1951, 1955, 1959 and 1964.

Question 2

What was the popular name coined by the historians for the period of Conservative government between 1951 to 1964?

Answer 2

13 wasted years.

Question 3

Explain the meaning of the term Butskellism.

Answer 3

Combination of RAB Butler, Conservative chancellor, and Hugh Gaitskell, leader of Labour Party (1955-63).

It describes the consensus in economic policies between Lab and Con.

Question 4

What does the term stop-go stands for?

Answer 4

Term describing economic policies used by Conservative government in the period 1951-1964.

Question 5

What actions of the government are associated with the go phase within the economy?

Answer 5

The government would lower the taxes and interest rates to encourage more spending.

This would provide a boost to the industry and increase employment.

Question 6

What actions of the government are associated with the stop phase of the economy?

Answer 6

The government would raise interest rates and increase taxes, it often would also use restriction in access to imported materials in order to control balance of trade.