Subjects

Subjects

More

Search

AI Knowunity

Subjects

/

History

/

2m wars and welfare: britain in transition, 1906-1957

/

Part two: the emergence of the affluent society, 1929-1957 (a-level only)

/

The 'hungry thirties', 1929-1939 (a-level only)

Discover Britain's Economic Journey 1918-1979: Fun Post War Facts

View

Discover Britain's Economic Journey 1918-1979: Fun Post War Facts
user profile picture

Isabel Last

@isabellast_sbnm

·

163 Followers

Follow

The British economy underwent significant changes and challenges from 1918 to 1979, with governments adopting various approaches to economic management. This period saw shifts from traditional economic policies to more interventionist strategies, and back again, as leaders grappled with inflation, unemployment, and industrial unrest.

Key points:

  • Post-World War I economic challenges included high inflation and war debt
  • Adoption of Keynesian economics in mid-century led to nationalization and full employment policies
  • Late 1970s saw a return to high inflation, currency devaluation, and increased industrial action
  • The period witnessed the rise and decline of the post-war consensus

04/07/2022

587

Theme One How accurate is it to say that British governments of the period 1918-79 successfully managed Britain's economy? Criteria for judg

View

Britain's Economic Transformation 1918-1979

The period from 1918 to 1979 witnessed significant changes in British government economic management, characterized by a shift from traditional laissez-faire policies to more interventionist approaches. This era saw the country grapple with post-war challenges, economic crises, and the adoption of new economic theories.

Key points:

  • Post-World War I economic struggles including inflation and war debt
  • Transition from Gladstonian policies to Keynesian economics
  • Nationalization of key industries and pursuit of full employment
  • Challenges of the 1970s including high inflation and industrial unrest

Highlight: The post-war consensus led to increased government involvement in managing the economy, marking a transformative period in British economic policy.

Vocabulary: Keynesianism - An economic theory advocating government intervention to achieve full employment and stable prices.

Example: The nationalization of industries such as coal mines and air transport exemplifies the shift towards greater government involvement in the economy.

Theme One How accurate is it to say that British governments of the period 1918-79 successfully managed Britain's economy? Criteria for judg

View

Economic Policies and Challenges (1918-1939)

In the interwar period, British governments faced significant economic challenges, implementing various policies with mixed results. The era was marked by attempts to balance the budget, manage inflation, and address unemployment.

Key developments:

  • Implementation of the Geddes Axe to cut public spending
  • Return to and subsequent abandonment of the Gold Standard
  • Establishment of public entities like the BBC and Central Electricity Board
  • Economic impact of the Wall Street Crash and global depression

Definition: Gold Standard - A monetary system where a country's currency is directly linked to gold.

Quote: "They abandoned the Gold Standard (but they rejoined it 4 years earlier) so the progress was limited but trade was improved."

Highlight: The period saw a slight increase in government interventionism, though traditional economic thinking still prevailed.

Theme One How accurate is it to say that British governments of the period 1918-79 successfully managed Britain's economy? Criteria for judg

View

Government Approaches to Economic Management (1918-1939)

During this period, coalition, Labour, and Conservative governments adopted various approaches to economic management, with some similarities and differences in their policies.

Key points:

  • Labour's first government in 1924 adhered to accepted economic principles
  • Conservative government's return to the Gold Standard in 1925
  • Labour's establishment of the May Committee to address financial crisis
  • Implementation of 'de-rating' policy under Baldwin's second government

Example: The Lloyd George coalition introduced the Geddes Axe for public spending cuts, while the Conservatives later returned to the Gold Standard, illustrating different approaches to economic management.

Highlight: Despite some differences in approach, the outcomes of various government policies often had similar effects on the economy.

Theme One How accurate is it to say that British governments of the period 1918-79 successfully managed Britain's economy? Criteria for judg

View

Impact of World War I Debt on Interwar Politics (1918-1939)

The economic aftermath of World War I, particularly government debt, significantly influenced political decisions and economic policies in the interwar years.

Key factors:

  • Loss of trade competitiveness in global markets
  • Pressure to make spending cuts due to war debt
  • Adherence to 'balancing the budget' ideology
  • Influence of outdated economic values like the Gold Standard

Highlight: While war debt was a significant concern, the loss of trade competitiveness arguably had a more profound impact on economic policy-making.

Vocabulary: Geddes Axe - A program of public spending cuts implemented in the early 1920s to reduce government expenditure.

Example: The implementation of the Geddes Axe cuts exemplifies how the pressure of war debt influenced government economic policy.

This analysis provides insights into Britain transformed 1918 79 economic policies, addressing questions such as "What was the economic impact of ww1 on the UK?" and "Why did Britain face an economic crisis after the First World war?" It explores the challenges and policy shifts that characterized British economic management during this transformative period.

Similar content

Know Poverty in Tudor England, 1509-88 thumbnail

7

178

12/13

Poverty in Tudor England, 1509-88

Includes information about : Poverty and Vagrancy, the Types of Poor, Government Attitudes and Actions, and Causes of Poverty

Know Effectiveness of Liberal Reforms thumbnail

20

678

S5/S6

Effectiveness of Liberal Reforms

An ‘A’ level essay about the effectiveness of the Liberal Reforms Issue 4- higher history. Without evaluation.

Know How successful were the Liberal reforms, Sqa Higher history essay thumbnail

24

693

S5/S6

How successful were the Liberal reforms, Sqa Higher history essay

How successful were the Liberal reforms, Sqa Higher history essay

Know FRG Economy thumbnail

3

163

12/13

FRG Economy

Economic recovery and challenges in the FRG period

Know British History Timelines thumbnail

7

306

12/13

British History Timelines

AQA A-Level History The Making of Modern Britain 1951-2007 Timelines for society, politics and foreign affairs

Know Britain Transformed Notes 1918-79 thumbnail

34

966

12/13

Britain Transformed Notes 1918-79

complete notes on this topic

Can't find what you're looking for? Explore other subjects.

Knowunity is the #1 education app in five European countries

Knowunity has been named a featured story on Apple and has regularly topped the app store charts in the education category in Germany, Italy, Poland, Switzerland, and the United Kingdom. Join Knowunity today and help millions of students around the world.

Ranked #1 Education App

Download in

Google Play

Download in

App Store

Knowunity is the #1 education app in five European countries

4.9+

Average app rating

13 M

Pupils love Knowunity

#1

In education app charts in 12 countries

950 K+

Students have uploaded notes

Still not convinced? See what other students are saying...

iOS User

I love this app so much, I also use it daily. I recommend Knowunity to everyone!!! I went from a D to an A with it :D

Philip, iOS User

The app is very simple and well designed. So far I have always found everything I was looking for :D

Lena, iOS user

I love this app ❤️ I actually use it every time I study.

Subjects

/

History

/

2m wars and welfare: britain in transition, 1906-1957

/

Part two: the emergence of the affluent society, 1929-1957 (a-level only)

/

The 'hungry thirties', 1929-1939 (a-level only)

Discover Britain's Economic Journey 1918-1979: Fun Post War Facts

user profile picture

Isabel Last

@isabellast_sbnm

·

163 Followers

Follow

The British economy underwent significant changes and challenges from 1918 to 1979, with governments adopting various approaches to economic management. This period saw shifts from traditional economic policies to more interventionist strategies, and back again, as leaders grappled with inflation, unemployment, and industrial unrest.

Key points:

  • Post-World War I economic challenges included high inflation and war debt
  • Adoption of Keynesian economics in mid-century led to nationalization and full employment policies
  • Late 1970s saw a return to high inflation, currency devaluation, and increased industrial action
  • The period witnessed the rise and decline of the post-war consensus

04/07/2022

587

 

12/13

 

History

21

Theme One How accurate is it to say that British governments of the period 1918-79 successfully managed Britain's economy? Criteria for judg

Sign up to see the content. It's free!

Access to all documents

Improve your grades

Join milions of students

By signing up you accept Terms of Service and Privacy Policy

Britain's Economic Transformation 1918-1979

The period from 1918 to 1979 witnessed significant changes in British government economic management, characterized by a shift from traditional laissez-faire policies to more interventionist approaches. This era saw the country grapple with post-war challenges, economic crises, and the adoption of new economic theories.

Key points:

  • Post-World War I economic struggles including inflation and war debt
  • Transition from Gladstonian policies to Keynesian economics
  • Nationalization of key industries and pursuit of full employment
  • Challenges of the 1970s including high inflation and industrial unrest

Highlight: The post-war consensus led to increased government involvement in managing the economy, marking a transformative period in British economic policy.

Vocabulary: Keynesianism - An economic theory advocating government intervention to achieve full employment and stable prices.

Example: The nationalization of industries such as coal mines and air transport exemplifies the shift towards greater government involvement in the economy.

Theme One How accurate is it to say that British governments of the period 1918-79 successfully managed Britain's economy? Criteria for judg

Sign up to see the content. It's free!

Access to all documents

Improve your grades

Join milions of students

By signing up you accept Terms of Service and Privacy Policy

Economic Policies and Challenges (1918-1939)

In the interwar period, British governments faced significant economic challenges, implementing various policies with mixed results. The era was marked by attempts to balance the budget, manage inflation, and address unemployment.

Key developments:

  • Implementation of the Geddes Axe to cut public spending
  • Return to and subsequent abandonment of the Gold Standard
  • Establishment of public entities like the BBC and Central Electricity Board
  • Economic impact of the Wall Street Crash and global depression

Definition: Gold Standard - A monetary system where a country's currency is directly linked to gold.

Quote: "They abandoned the Gold Standard (but they rejoined it 4 years earlier) so the progress was limited but trade was improved."

Highlight: The period saw a slight increase in government interventionism, though traditional economic thinking still prevailed.

Theme One How accurate is it to say that British governments of the period 1918-79 successfully managed Britain's economy? Criteria for judg

Sign up to see the content. It's free!

Access to all documents

Improve your grades

Join milions of students

By signing up you accept Terms of Service and Privacy Policy

Government Approaches to Economic Management (1918-1939)

During this period, coalition, Labour, and Conservative governments adopted various approaches to economic management, with some similarities and differences in their policies.

Key points:

  • Labour's first government in 1924 adhered to accepted economic principles
  • Conservative government's return to the Gold Standard in 1925
  • Labour's establishment of the May Committee to address financial crisis
  • Implementation of 'de-rating' policy under Baldwin's second government

Example: The Lloyd George coalition introduced the Geddes Axe for public spending cuts, while the Conservatives later returned to the Gold Standard, illustrating different approaches to economic management.

Highlight: Despite some differences in approach, the outcomes of various government policies often had similar effects on the economy.

Theme One How accurate is it to say that British governments of the period 1918-79 successfully managed Britain's economy? Criteria for judg

Sign up to see the content. It's free!

Access to all documents

Improve your grades

Join milions of students

By signing up you accept Terms of Service and Privacy Policy

Impact of World War I Debt on Interwar Politics (1918-1939)

The economic aftermath of World War I, particularly government debt, significantly influenced political decisions and economic policies in the interwar years.

Key factors:

  • Loss of trade competitiveness in global markets
  • Pressure to make spending cuts due to war debt
  • Adherence to 'balancing the budget' ideology
  • Influence of outdated economic values like the Gold Standard

Highlight: While war debt was a significant concern, the loss of trade competitiveness arguably had a more profound impact on economic policy-making.

Vocabulary: Geddes Axe - A program of public spending cuts implemented in the early 1920s to reduce government expenditure.

Example: The implementation of the Geddes Axe cuts exemplifies how the pressure of war debt influenced government economic policy.

This analysis provides insights into Britain transformed 1918 79 economic policies, addressing questions such as "What was the economic impact of ww1 on the UK?" and "Why did Britain face an economic crisis after the First World war?" It explores the challenges and policy shifts that characterized British economic management during this transformative period.

Similar content

History - Poverty in Tudor England, 1509-88

Includes information about : Poverty and Vagrancy, the Types of Poor, Government Attitudes and Actions, and Causes of Poverty

7

178

0

Know Poverty in Tudor England, 1509-88 thumbnail

History - Effectiveness of Liberal Reforms

An ‘A’ level essay about the effectiveness of the Liberal Reforms Issue 4- higher history. Without evaluation.

20

678

0

Know Effectiveness of Liberal Reforms thumbnail

History - How successful were the Liberal reforms, Sqa Higher history essay

How successful were the Liberal reforms, Sqa Higher history essay

24

693

0

Know How successful were the Liberal reforms, Sqa Higher history essay thumbnail

History - FRG Economy

Economic recovery and challenges in the FRG period

3

163

0

Know FRG Economy thumbnail

History - British History Timelines

AQA A-Level History The Making of Modern Britain 1951-2007 Timelines for society, politics and foreign affairs

7

306

0

Know British History Timelines thumbnail

History - Britain Transformed Notes 1918-79

complete notes on this topic

34

966

1

Know Britain Transformed Notes 1918-79 thumbnail

Can't find what you're looking for? Explore other subjects.

Knowunity is the #1 education app in five European countries

Knowunity has been named a featured story on Apple and has regularly topped the app store charts in the education category in Germany, Italy, Poland, Switzerland, and the United Kingdom. Join Knowunity today and help millions of students around the world.

Ranked #1 Education App

Download in

Google Play

Download in

App Store

Knowunity is the #1 education app in five European countries

4.9+

Average app rating

13 M

Pupils love Knowunity

#1

In education app charts in 12 countries

950 K+

Students have uploaded notes

Still not convinced? See what other students are saying...

iOS User

I love this app so much, I also use it daily. I recommend Knowunity to everyone!!! I went from a D to an A with it :D

Philip, iOS User

The app is very simple and well designed. So far I have always found everything I was looking for :D

Lena, iOS user

I love this app ❤️ I actually use it every time I study.