The Post-War Consensus - Economy (AQA complete notes 2/16)

These notes are for the 'Making of Modern Britain' course on AQA and as such follow the spec, although would be useful for all modern britian courses. They contain hystoriography, detail and explanations. 

The notes are devided into the sections of the spec, therefore there are 16 documents (as there are 4 areas (politics, economics, society, and foriegn policy) and there are 4 periods (Post war, Wilson + heath, Thatcher, and Blair)). 

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The Post-War Consensus? 1951-1964 ­ Economy
The growth of the economy and the rising living standards; problems of the
balance of payments and `stop-go' policies; economic motives behind the
application for membership of the EEC in 1961
Attlee 1945--51
Hugh Gaitskell
-- Keynesian
Achievements
-- Keynes negotiated £2.2 billion loan…

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o Expanding welfare o Military defence scheme o Nuclear weapons -- Churchill
had a low opinion of Butler and indeed economic affairs (T.O.
Lloyd).
Achievements
-- Post 1952 the national income increased for the next three years.
o National income was 40% higher in 55 than 50. o World economy…

Page 6

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The improvements in terms of trade enabled a larger amount of imports to be
purchased for the same amount of exports.
The amount the world was trading had just improved.

Page 7

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Page 8

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Increased export prices caused by the Korean war was short lived. o By 1955
£400 million deficit again. -- Encouraged investment
o 1953 Budget gave investment allowances for firms spending
money on new equiptment.
Issues
-- Defence expenditure was very high.
o Caused mainly by the Korean war. o 30%…

Page 9

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political star faded very rapidly.
Butler Overview

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The Post-War Consensus - Economy (AQA complete notes 2/16)

These notes are for the 'Making of Modern Britain' course on AQA and as such follow the spec, although would be useful for all modern britian courses. They contain hystoriography, detail and explanations. 

The notes are devided into the sections of the spec, therefore there are 16 documents (as there are 4 areas (politics, economics, society, and foriegn policy) and there are 4 periods (Post war, Wilson + heath, Thatcher, and Blair)). 

  • Created by: tom baker
  • Created on: 08-10-15 22:30

Pages in this set

Page 1

Preview of page 1

Page 2

Preview of page 2
The Post-War Consensus? 1951-1964 ­ Economy
The growth of the economy and the rising living standards; problems of the
balance of payments and `stop-go' policies; economic motives behind the
application for membership of the EEC in 1961
Attlee 1945--51
Hugh Gaitskell
-- Keynesian
Achievements
-- Keynes negotiated £2.2 billion loan…

Page 3

Preview of page 3

Page 4

Preview of page 4

Page 5

Preview of page 5
o Expanding welfare o Military defence scheme o Nuclear weapons -- Churchill
had a low opinion of Butler and indeed economic affairs (T.O.
Lloyd).
Achievements
-- Post 1952 the national income increased for the next three years.
o National income was 40% higher in 55 than 50. o World economy…

Page 6

Preview of page 6
The improvements in terms of trade enabled a larger amount of imports to be
purchased for the same amount of exports.
The amount the world was trading had just improved.

Page 7

Preview of page 7

Page 8

Preview of page 8
Increased export prices caused by the Korean war was short lived. o By 1955
£400 million deficit again. -- Encouraged investment
o 1953 Budget gave investment allowances for firms spending
money on new equiptment.
Issues
-- Defence expenditure was very high.
o Caused mainly by the Korean war. o 30%…

Page 9

Preview of page 9
political star faded very rapidly.
Butler Overview

Page 10

Preview of page 10

Comments

No comments have yet been made