The sixties,1964-1970: knowledge test Flashcards
(99 cards)
What countries was Britain lagging behind economically by 1964?
West-Germany and Japan
What was the British economy trapped in?
the stop-go cycle
What did this cycle always lead to?
Inflation, runs on the pound and a balance of payments crisis
How much was the deficit labour inherited when they came to power?
£800 million
Who was the chancellor from 1964 to 1967?
James Callaghan
What does DEA stand for?
Department for economic affairs
Who was in charge of the DEA?
George Brown
Why did the DEA fail?
competed with the chancellor, did not have government support.
what year was the DEA abandoned?
1967
the government replaced the DEA with prices and incomes policy. what is this?
government intervention.
war in the Middle East in 1967 affected the supply of what?
Oil
What major strike occurred in 1967?
national strike of seamen and dockers.
The government had to follow a policy of devaluation. what is devaluation?
The value of the pound decreased.
How did the pound change under devaluation?
Dropped by 14%
Who replaced the chancellor in 1967?
Roy Jenkins
How did this chancellor tackle the economy?
deflationary methods.
what did the strikers of 1967 want?
less hours and higher wages
what are wild cat strikes?
local unofficial strikes that are sudden and without leadership.
What was the name of the employment minister that tried to limit strikes (white paper in 1969)?
Barbara Castle
what was the name of this white paper?
in place of strife
name one of the rules of the white paper?
28 day cooling off period.
What year did Harold Wilson give up on the white paper?
1969
Give an example of the types of people that supported the white paper?
voters, Labour MPs and Roy Jenkins
Give an example of a group/ people that did not support the white paper?
unions, labour left wings, James Callaghan, 50 labour MPs