Economic - Key Facts Flashcards
1
Q
Average Wage in 1951
A
£8.30 per week
2
Q
Average Wage in 1961
A
£15.35 per week
3
Q
Number of people unemployed by 1955
A
200,000 - less than 1%
4
Q
Number of people employed in service industries in 1960
A
Nearly 5 million
5
Q
Number of Houses Built in 1953
A
327,000
6
Q
Number of Houses Built in 1954
A
354,000
7
Q
Population of Britain in 1961
A
51 Million
8
Q
Three Key Industries that were Denationalised
A
- Iron
- Steel
- Road Haulage
9
Q
Bank Rate increase in 1951-52
A
Increased to 4%
10
Q
Percentage National Output rose by in 1953
A
4%
