economy under macmillian
- Created by: AIMEEBRIGDEN1
- Created on: 29-12-19 23:14
View mindmap
- economy under macmillan
- successes
- 370 million in tax cuts
- average wage is 18.70 by 1964
- by 1960 there is 5 million people employed in the service sector
- prosperity continued
- increase of people buying consumer goods
- lack of unemployment
- greater access to crcredit
- growth in housing buying
- failures
- the growth of wages was outsripping the rate of production which created inflation
- struggled to maintain growth and employment and keep prices steady
- stop and go economics
- macmillian decided to try and join EEC
- GDP rate lowest in western europe
- applied for a loan from IMF
- pay pause to stop inflation
- military costs
- successes
Comments
No comments have yet been made