ü Moved on from the Suez Crisis quickly
ü Keynesian economics – spending money to make money.
ü When the Chancellor resigned Macmillan brushed it off as a ‘local difficulty’
ü Named ‘SuperMac’
ü Wages increase from £8.30 - £18.35 – inflation rose but never overtook real wages
ü Committed to building 300,000 houses but built 1.7 million.
ü Rent act 1957 – allowed landlords to earn more.
ü Property owning democracy – Made mortgages easier to obtain
ü Credit available – people were able to buy more modcons such as Cars which sales quadrupled from 1.5 million to 5.5. million.
ü “ You never had it so good”
ü People felt rich
· Keynesian economics – lead to greater debt – £564 million in 1957
· Stop-go economics –…