economy 1945-64

Question 1

1945 end of war

Answer 1

-scarce resources
-lots of imports which were high priced
-bop problems
-britain had to get loan from USA to pay for imports
-britian overseas war debts had increased invisible imports and invisible exports had fallen due to huge shipping losses and forced sale of voerseas invesmtne

Question 2

labour policy 45-51

Answer 2

-austerity
-cut imports
-resources diverted
-marshall aid in 1948, exports increased by 80% between 46-50
-motor car industry