Learning objective
Economic developments: post-war boom; balance of payments issues and 'stop-go' policies.
Read the explanation, check the common trap, then practise with flashcards and questions.
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Topic
The Affluent Society, 1951–1964
Subtopic
The Affluent Society, 1951–1964
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Quick explanation
Economic developments: post-war boom; balance of payments issues and 'stop-go' policies
- This point belongs to The Affluent Society, 1951–1964, especially The Affluent Society, 1951–1964.
- You need to be able to economic developments: post-war boom; balance of payments issues and 'stop-go' policies.
- Use the linked flashcards and practice questions to check recall, then practise applying the idea in an exam-style answer.
Why it matters
This objective helps connect The Affluent Society, 1951–1964 to exam-style questions, flashcards, and revision notes for The Affluent Society, 1951–1964.
Quick student answer
What was a significant feature of the British economy during the post-war boom of 1951-1964?
Direct answer
Increased consumer spending was a significant feature of the British economy during the post-war boom.
Key terms
- Affluent Society: A term used to describe the economic prosperity and consumer culture in Britain during the 1950s and early 1960s.
- Economic Growth: An increase in the production of goods and services in an economy over a period of time, often measured by GDP.
Common trap
Confusing economic policies: Clarify that 'stop-go' policies specifically refer to the cyclical approach of stimulating and then restraining the economy to manage inflation.
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Related learning objectives
- Conservative governments and reasons for political dominance: Churchill, Eden, Macmillan and Home as political leaders; domestic policies; internal Labour divisions; reasons for Conservatives' fall from power.
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- Foreign relations: EFTA and attempts to join the EEC; relations with and policies towards USA and USSR; debates over the nuclear deterrent; Korean War; Suez; the ‘Winds of Change' and decolonisation.
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