labours economic policy 1945-51 Flashcards
(6 cards)
1
Q
clause IV of labour party
A
committed it to nationalisation (government control)
2
Q
1945 election manifesto of labour government
A
- ‘let us face the future’ = promised to implement ambitious programme for nationalisation of britain’s major industries
- specified as fuel and power, iron and steel & inland transport
- claimed its policies kept in line with keynesian principles
3
Q
when were the main industries & institutions nationalised
A
- 1946 = coal, civil aviation, cable & wireless, the bank of england
- 1947 = road transport, electricity services
- 1948 = gas
- 1949 = iron & steel
4
Q
describe nationalisation of fuel & power
A
- britain’s most vital industry
- for decades suffered from disruption & underproduction
- government considered modernisation of this would have positive effects on gas & electricity industries
- nationalisation would create greater safety, productivity & efficiency
5
Q
describe nationalisation of transport
A
ending of private ownership would improve quality of nations essential services
6
Q
describe nationalisation of iron & steel
A
- only included due to labour conference decision in 1944
- steel was only profit-making industry at time
