Labour and Nationalisation

Why was it important that the government controlled the most important industries?
So that the profits would go into the treasury rather than to private industry owners.
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Which industries were nationalised?
Bank of England (1946), Air transport (1946), Coal mining (1947), cable, wireless.
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Who criticised nationalisation and why?
Conservative- the industries they wanted to nationalise weren't small enough to be controlled centrally.
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What was a 'public corporation'?
An industry partly owned by the government.
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What percentage of some industries did the government buy?
51%.
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How many industries were nationalised in Britain?
Around 500.
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What type of industries tended to be nationalised?
Staple industries: coal, steel, textiles.
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What did the public begin to associate nationalised industries with?
Failure and inefficiency.
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Other cards in this set

Card 2

Front

Which industries were nationalised?

Back

Bank of England (1946), Air transport (1946), Coal mining (1947), cable, wireless.

Card 3

Front

Who criticised nationalisation and why?

Back

Preview of the front of card 3

Card 4

Front

What was a 'public corporation'?

Back

Preview of the front of card 4

Card 5

Front

What percentage of some industries did the government buy?

Back

Preview of the front of card 5
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