How successful were the Conservative governments of 1979 to 1997 in dealing with Britain's economic problems? [45 marks] - Key Terms

HideShow resource information
Monetarism
Proposed strict controls over the supply of money in order combat inflation.
1 of 7
Deregulation
The removal of government control and allowing greater competition.
2 of 7
Black Wednesday
16 September 1992, when the British Conservative government was forced to withdraw the pound sterling from the European Exchange Rate Mechanism (ERM) after it was unable to keep the pound above its agreed lower limit in the ERM.
3 of 7
Deflationary Measures/Pressures
Usually caused by government policies to fight againstthe dangers of inflation, 'deflating' the economy by cutting spending and borrowing.
4 of 7
Exchange Rate Mechanism (ERM)
A system introduced by the European Economic Community on 13 March 1979, as part of the European Monetary System (EMS), to reduce exchange rate variability and achieve monetary stability in Europe.
5 of 7
Run/Pressure on the Pound
A sudden fall in the value of the pound sterling on the international exchange markets.
6 of 7
Winter of Discontent
The winter of 1978–79 in the United Kingdom, during which there were widespread strikes by public sector trade unions demanding larger pay rises.
7 of 7

Other cards in this set

Card 2

Front

The removal of government control and allowing greater competition.

Back

Deregulation

Card 3

Front

16 September 1992, when the British Conservative government was forced to withdraw the pound sterling from the European Exchange Rate Mechanism (ERM) after it was unable to keep the pound above its agreed lower limit in the ERM.

Back

Preview of the back of card 3

Card 4

Front

Usually caused by government policies to fight againstthe dangers of inflation, 'deflating' the economy by cutting spending and borrowing.

Back

Preview of the back of card 4

Card 5

Front

A system introduced by the European Economic Community on 13 March 1979, as part of the European Monetary System (EMS), to reduce exchange rate variability and achieve monetary stability in Europe.

Back

Preview of the back of card 5
View more cards

Comments

No comments have yet been made

Similar History resources:

See all History resources »See all The Making of Modern Britain 1951-2007 resources »