Economic Developments: Affluence Restrictions, Social Collapse, Devaluation

Question 1

What year did Healey introduce his budget to reduce public spending and increase import controls?

Answer 1

1975

Question 2

What was the impact of Healeys budget on the public’s affluence?

Answer 2

It restricted their affluence heavily

Question 3

What was a popular programme at this time about the end of the world?

Answer 3

Survivors

Question 4

Who was the main character in Survivors?

Answer 4

A former militant Trade Unionist.

Question 5

What did General Walker plan to do if there was a civil war?

Answer 5

Seize control over Heathrow Airport

Question 6

What was one problem with General Walkers plan for if there was a civil war?

Answer 6

He did not have the power to seize these businesses

Question 7

What fraction of the British public felt society would collapse in 1975?

Answer 7

2/3

Question 8

What was significant about what Callaghan said in relation to the collapse of Britain?

Answer 8

He said that if he was younger, he would emigrate

Question 9

What was the situation with the amount of immigrants and emigrants in the 1970s?

Answer 9

There were more emigrants than immigrants

Question 10

What dollar value did the pound fall by in 1976?

Answer 10

Fell below $2

Question 11

What was the balance of payments deficit in 1976?

Answer 11

£1 billion

Question 12

What fraction of the pounds value did it lose in 1976?

Answer 12

The pound lost 1/4 of its value

Question 13

What had happened to the value of the pound in relation to the dollar in December 1976?

Answer 13

It went above $2