Cons 1951-64: 4 Macmillan's gov 1957-63 Flashcards
(47 cards)
when was Macmillan in office?
1957-63
how much debt did the suez military operation create?
£564 million
when was the homicide act introduced and who introduced it?
1957, Butler
it effectively ended the death penalty
what was the cons economic policy in 1957-63?
mixed economy, a loose form of Keynesianism
the aim was to avoid extreme inflation and deflation by a series of adjustments if an issue arose
what is budget politics?
‘vote-catching’ (particularly before elections)
Derick Heathcoat-Amory in 1959 made an effort to boost government support through tax cuts when inflation was high - this caused higher inflation and a wider trade gap and Heathcoat-Amory was forced to introduce tax and cut public spending
what was the balance of payments deficit in Britain at the end of 1964?
£800 million
what is stop-go economics?
policy lagged behind events, it didn’t direct them
- ‘stop’ described increased taxes when consumption and prices rose too quickly
- ‘go’ was when production and exports declined meaning taxes were cut and interest rates lowered making it easier to borrow money
what is stagflation?
compound word of stagnation and inflation
- referred to the situation when the industry declined but inflation persisted meaning the economy suffered the worst of both worlds
how was Britain’s industrial growth rate during Macmillan’s time in office?
GDP growth lowest in Western Europe (2.3 compared to Italy’s 5.6) - mostly due to heavy defence expenditure (£1.7 billion per year by 1964, 10% of its GDP)
what phrase did Macmillan coin in 1957?
never had it so good
what happened to wages from 1951 to 1964?
average weekly wage of an adult male rose from £8 6 shillings to £18 7 shillings
more than doubled
what are real wages?
the purchasing power of earnings when set against prices
when prices are high money will buy less; when prices are low the same amount of money will buy more
in the 60s inflation rose however real wages rose more
what happened to financial credit during the period?
greater availability
- loan repayment was on ‘easy terms’ (usually a small amount per month)
- resulted in a consumer boom e.g. sale of cars, foreign holidays, clothing and mod cons
what happened to the sale of private cars between 1950-65?
nearly quadrupled from 1.5 million to 5.5 million
how many houses did the cons pledge to build? how many were built between 1951-64?
300,000 per year
1.7 million (60% private dwellings)
what was the rent act?
1957 - abolished rent control putting 6 million properties on the market - however rent rose considerably making it difficult for tenants to afford leases
what kind of democracy did the cons encourage?
a property-owning democracy
how did unemployment change under Macmillan?
it fluctuated - reached a low 298,000 in 1955, a high of 878,000 in 1963, dropped again in 1964 at 501,000
what was the disagreement over education?
those who wanted to end separate three-tier schooling and replace it with a system of comprehensive schools and those who defended grammar schools
what did the cons do in terms of education?
built more comprehensive schools such as Risinghill School in London in 1960
in the second half of the 20th century more schools were built under cons than lab
Edward Boyle, minister of education (1962-64) wanted to abolish the 11+
what were the main arguments for comprehensives?
- 11+ is selective and unreliable
- selection is socially divisive
- greater share of public money went to top tier schools
- children in lower tiers were liable to be regarded as failures
- records showed that bright children performed as well in comprehensive as in grammars
what were the main arguments against comprehensives?
- denied children from disadvantaged backgrounds to benefit from specialist education to fit their needs
- quality of schools depended on the area meaning deprived areas received worse education
- wealthy parents had a choice of moving to a better area to access better schools
- most comprehensive schools put pupils into sets which differentiated children based on academic ability
what was the Robbins report?
1963
- expansion of existing unis
- emphasis to scientific education
- 12 existing colleges of advanced tech upgraded to uni status
- larger grants to be provided so no student would be deterred by lack of income
how did class change under Macmillan?
- WW2 weakened class divides
- creation of the welfare state by lab, kept by cons showed the wellbeing of entire pop is important
- growing affluence spread wealth across a broader section of the pop