The end of post-war consensus 1970-1979 Flashcards
(32 cards)
what was Heaths class background
lower middle class
why did the Gov go back to Keynesian economics
Rolls Royce and upper Clyde shipbuilders went bankrupt
how much did the gov give to the upper Clyde shipbuilders
£35mil
when was the OPEC oil crisis
1973
what were the effects of the OPEC oil crisis
- fuel and petrol shortages for industries and transport
- £ devalued
- inflation grew to 16% by ‘74
- unemployment x2. 785,000 1973 to 1,608,000 1978
how much was inflation by 1974
16%
what was the no. of unemployment in 1973
785,000
what was the no. of unemployment in 1978
1,608,000
when was Internment introduced in NI
1971
when was Bloody Sunday and what happened
1972
GB troops open fired into Catholic protestors in Derry. 14 were killed
when was the sunning dale agreement
1973
what was the sunning dale agreement
an attempt at power sharing. Had protestant and catholic reps which would govern the province
when was the industrial relations act
1971
what were the conditions of the industrial relations act
- national industrial relations court would judge the validity of a strike
- TUC had to register and strikes or they would be fined
why was the industrial relations act dropped/unsuccessful
TUC refused to co-operate
how many strikes were there in 1971 vs 1973
228 vs 2,873
when was the miners strike and when did they get a pay increase
strike in 1972
pay increase in 1973 by 21%
what were the factors making the 3 day work week (2)
- OPEC oil crisis
- miner strikes
who won the 1974 election
labour (Wilson)
economic problems labour faced ‘74-‘79 (6)
- commodity prices ⬆️ 160% from ‘71 to ‘74
- £ lost value
- common agricultural policy made food prices ⬆️
- budget deficit grew
- inflation at 24% in ‘75
- IMF loan. £3bil
what caused the winter of discontent (2)
- lorry drivers went on strike
- public sector workers went on strike
When was lord Mountbatten assassinated
1979 by the IRA
when was the Lib-Lab pact signed
1977
why did Labour lose in 1979
everyone thought Callaghan would hold an election in 1978 because the economy was improving, but he wanted because he thought it would get even better. but it got worse. election was in 1979