Knowledge Test – British Economy 1939-1964 Flashcards
(4 cards)
1
Q
Name the act that gave the government extraordinary powers in WW2
A
2
Q
What happened to GB’s gold & reserves in WW2?
A
GB sold its gold reserves and foreign assets to pay for the war but this was insufficient
3
Q
What help did the USA provide GB with in WW2?
A
$5.2bn loan for the USA and Canada but it came with a commitment to make sterling convertible in 1947
4
Q
A
