Economic and Housing Issues

Question 1

Who did Churchill install at the Ministry of Housing?

Answer 1

Macmillan

Question 2

Why was Churchill initially cautious to do anything drastic?

Answer 2

Only had a small seat majority of 17

Question 3

How did the small seat majority impact the way Churchill structured his cabinet?

Answer 3

He made it from his trusted wartime associates

Question 4

How many houses did Macmillan have to build a year?

Answer 4

300,000

Question 5

Which sector did Conservatives get to make houses?

Answer 5

Private Sector

Question 6

Which sector did Labour want to make the houses? Why?

Answer 6

Public Sectorto avoid tenants experiencing discrimination

Question 7

When did the Tories Rent Act happen? What did it do?

Answer 7

1957. Lifted rent controls on over 400,000 houses

Question 8

How would the Tories Rent Act affect some British people?

Answer 8

Poorer people would not be able to pay rent

Question 9

What was the Ministry of Housing called?

Answer 9

A ‘poisoned chalice’

Question 10

Why was the ministry of housing referred to in this way?

Answer 10

It could ruin someones political reputation

Question 11

What percentage of government spending went to the Korean War?

Answer 11

30%

Question 12

What is the belief of natural swing?

Answer 12

One party winning will correct itself in favour of the other by the next election

Question 13

What was the Conservative seat majority in 1951?

Answer 13

17 seats

Question 14

Who did Churchill put as Chancellor of the Exchequer?

Answer 14

R.A Butler

Question 15

What ideology was Butler Under?

Answer 15

One Nation Conservatism

Question 16

What scheme did the treasury make to try and help with economic crises? What year?

Answer 16

‘ROBOT’ scheme, 1952

Question 17

What would have been the impact of the ROBOT scheme?

Answer 17

High unemployment

Question 18

Who did Butler have a lot of continuity with in his policies?

Answer 18

Hugh Gaitskell

Question 19

What did the similarities between Butler and Gaitskell emphasise?

Answer 19

Cross-Party Consensus

Question 20

What industries were denationalized under the Conservatives?

Answer 20

Iron, Steel, Road Haulage

Question 20

What was unemployment at in 1955?

Answer 20

232,000 so below 1%

Question 21

What did Conservatives say they would do with Labours Welfare State?

Answer 21

They would keep it and expand it

Question 22

Which economic theory dominated all governments from 1945-79?

Answer 22

Keynesianism

Question 23

What was Keynesianism?

Answer 23

Government should always invest in industy even if going in to debt for growth

Question 24

What was Butler told when he became Chancellor of the Exchequer?

Answer 24

Large BoP deficit due to the Korean War, so British reserves to pay for imports were stressed

Question 25

What was a recurring economic issue for the Conservatives?

Answer 25

Stop-Go Economics

Question 26

How did Butler respond to the BoP Deficit?

Answer 26

He cut travel allowances to £50.00

Question 27

What was the impact of Butlers budget to reduce the BoP Deficit by 1953?

Answer 27

Surge in exports occurred so there was a boom in 1953

Question 28

What did Butler do in his 1953 budget?

Answer 28

Cut income tax to 45% and cut purchase tax

Question 29

What would the ‘ROBOT’ scheme have done?

Answer 29

Abandonde the pounds fixed exchange rate