Post-War boom Flashcards
1
Q
Give 3 examples of economic improvement.
A
- Food rationing had ended in 1954
- Near full employment in 1955, only 1% unemployment (200,000)
- Huge expansion in electrical and engineering works and more jobs related to industries in cars, steel and other metals.
2
Q
What did a booming global economy lead to?
A
A sustained increase in overseas trade which brought high levels of earnings from exports and investments.
3
Q
What did economic growth and low unemployment bring to the people?
A
Rising wages and most people enjoyed a spectacular rise in income.
4
Q
What happened in the run up to the 1955 election?
A
Rab Butler, the Chancellor, was able to boost Conservative election prospects with a ‘give away’ budget that provided the middle class with 134 million in tax cuts.
5
Q
Give a stat about british income.
A
Britain enjoyed a higher income per head than any other major country except for the USA.
