To what extent did the Conservative governments of 1951 to 1964 successfully manage
- Created by: fern
- Created on: 21-05-15 11:02
To what extent did the Conservative governments of 1951 to 1964 successfully manage the British economy? |
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EvaluationInitially, the conservative government aquired a deserved reputation as good economic managers with the age of affluence. However poor economic management in Butler's final budget as Chancellor in the late 1950s reflected that there were limitations to Conservative management of the economy. By the 1960s Britiain's anual growth rate was depleating and the empire ceased to be profitable in comparisson to the EEC. Economic success did happen regardless but arguably the successive governments did not know how to manage the consequences of prosperity (inflation,BOP) |
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