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36
•
25 Dec 2025
•
Keeley
@keeley_maie
Understanding post-war British economic policy is crucial for grasping how... Show more
Ever wondered how Britain went from post-war rationing to the swinging sixties? These economic concepts explain the rollercoaster ride of British prosperity and struggle.
Butskellism was a satirical term describing the surprising political consensus between Conservative Butler and Labour's Gaitskell - basically, both parties agreed on economic policy despite being political rivals. This shows how post-war Britain had a shared vision for recovery. Meanwhile, Marshall Aid provided the crucial American cash injection that helped Western European economies, including Britain's, get back on their feet after the devastation of World War II.
The period wasn't all smooth sailing though. Stagflation - that nasty combination of rising prices and economic stagnation - would later plague Britain. Understanding inflation (when your money buys less stuff) versus deflation (when prices actually fall) helps explain why governments constantly juggle economic policies.
Quick Tip: Remember that the post-war boom was a global phenomenon - Britain wasn't alone in experiencing rapid economic growth after 1945, which made international competition fierce.
British economic policy in this era was all about control and intervention - quite different from today's free-market approach.
Rationing might seem old-fashioned now, but it was essential for fairly distributing scarce resources after the war. Trade unions gained massive power during this period, representing workers' interests as the economy rebuilt. The government also worried constantly about productivity - how much stuff Britain could actually make - because this determined whether the country could compete internationally.
Stop-go economics became Britain's frustrating pattern: periods of rapid growth followed by deliberate slowdowns to prevent the economy overheating. Politicians like Peter Thorneycroft (Chancellor under Macmillan) and Enoch Powell (Minister of Health) shaped these policies, often struggling with the balance of payments - basically, whether Britain was earning more from exports than it spent on imports.
Remember: When you hear about a run on the pound, it means international investors were rapidly selling British currency, making sterling (the posh term for our currency) worth less abroad.
Our AI Companion is a student-focused AI tool that offers more than just answers. Built on millions of Knowunity resources, it provides relevant information, personalised study plans, quizzes, and content directly in the chat, adapting to your individual learning journey.
You can download the app from Google Play Store and Apple App Store.
That's right! Enjoy free access to study content, connect with fellow students, and get instant help – all at your fingertips.
App Store
Google Play
The app is very easy to use and well designed. I have found everything I was looking for so far and have been able to learn a lot from the presentations! I will definitely use the app for a class assignment! And of course it also helps a lot as an inspiration.
Stefan S
iOS user
This app is really great. There are so many study notes and help [...]. My problem subject is French, for example, and the app has so many options for help. Thanks to this app, I have improved my French. I would recommend it to anyone.
Samantha Klich
Android user
Wow, I am really amazed. I just tried the app because I've seen it advertised many times and was absolutely stunned. This app is THE HELP you want for school and above all, it offers so many things, such as workouts and fact sheets, which have been VERY helpful to me personally.
Anna
iOS user
Best app on earth! no words because it’s too good
Thomas R
iOS user
Just amazing. Let's me revise 10x better, this app is a quick 10/10. I highly recommend it to anyone. I can watch and search for notes. I can save them in the subject folder. I can revise it any time when I come back. If you haven't tried this app, you're really missing out.
Basil
Android user
This app has made me feel so much more confident in my exam prep, not only through boosting my own self confidence through the features that allow you to connect with others and feel less alone, but also through the way the app itself is centred around making you feel better. It is easy to navigate, fun to use, and helpful to anyone struggling in absolutely any way.
David K
iOS user
The app's just great! All I have to do is enter the topic in the search bar and I get the response real fast. I don't have to watch 10 YouTube videos to understand something, so I'm saving my time. Highly recommended!
Sudenaz Ocak
Android user
In school I was really bad at maths but thanks to the app, I am doing better now. I am so grateful that you made the app.
Greenlight Bonnie
Android user
very reliable app to help and grow your ideas of Maths, English and other related topics in your works. please use this app if your struggling in areas, this app is key for that. wish I'd of done a review before. and it's also free so don't worry about that.
Rohan U
Android user
I know a lot of apps use fake accounts to boost their reviews but this app deserves it all. Originally I was getting 4 in my English exams and this time I got a grade 7. I didn’t even know about this app three days until the exam and it has helped A LOT. Please actually trust me and use it as I’m sure you too will see developments.
Xander S
iOS user
THE QUIZES AND FLASHCARDS ARE SO USEFUL AND I LOVE THE SCHOOLGPT. IT ALSO IS LITREALLY LIKE CHATGPT BUT SMARTER!! HELPED ME WITH MY MASCARA PROBLEMS TOO!! AS WELL AS MY REAL SUBJECTS ! DUHHH 😍😁😲🤑💗✨🎀😮
Elisha
iOS user
This apps acc the goat. I find revision so boring but this app makes it so easy to organize it all and then you can ask the freeeee ai to test yourself so good and you can easily upload your own stuff. highly recommend as someone taking mocks now
Paul T
iOS user
The app is very easy to use and well designed. I have found everything I was looking for so far and have been able to learn a lot from the presentations! I will definitely use the app for a class assignment! And of course it also helps a lot as an inspiration.
Stefan S
iOS user
This app is really great. There are so many study notes and help [...]. My problem subject is French, for example, and the app has so many options for help. Thanks to this app, I have improved my French. I would recommend it to anyone.
Samantha Klich
Android user
Wow, I am really amazed. I just tried the app because I've seen it advertised many times and was absolutely stunned. This app is THE HELP you want for school and above all, it offers so many things, such as workouts and fact sheets, which have been VERY helpful to me personally.
Anna
iOS user
Best app on earth! no words because it’s too good
Thomas R
iOS user
Just amazing. Let's me revise 10x better, this app is a quick 10/10. I highly recommend it to anyone. I can watch and search for notes. I can save them in the subject folder. I can revise it any time when I come back. If you haven't tried this app, you're really missing out.
Basil
Android user
This app has made me feel so much more confident in my exam prep, not only through boosting my own self confidence through the features that allow you to connect with others and feel less alone, but also through the way the app itself is centred around making you feel better. It is easy to navigate, fun to use, and helpful to anyone struggling in absolutely any way.
David K
iOS user
The app's just great! All I have to do is enter the topic in the search bar and I get the response real fast. I don't have to watch 10 YouTube videos to understand something, so I'm saving my time. Highly recommended!
Sudenaz Ocak
Android user
In school I was really bad at maths but thanks to the app, I am doing better now. I am so grateful that you made the app.
Greenlight Bonnie
Android user
very reliable app to help and grow your ideas of Maths, English and other related topics in your works. please use this app if your struggling in areas, this app is key for that. wish I'd of done a review before. and it's also free so don't worry about that.
Rohan U
Android user
I know a lot of apps use fake accounts to boost their reviews but this app deserves it all. Originally I was getting 4 in my English exams and this time I got a grade 7. I didn’t even know about this app three days until the exam and it has helped A LOT. Please actually trust me and use it as I’m sure you too will see developments.
Xander S
iOS user
THE QUIZES AND FLASHCARDS ARE SO USEFUL AND I LOVE THE SCHOOLGPT. IT ALSO IS LITREALLY LIKE CHATGPT BUT SMARTER!! HELPED ME WITH MY MASCARA PROBLEMS TOO!! AS WELL AS MY REAL SUBJECTS ! DUHHH 😍😁😲🤑💗✨🎀😮
Elisha
iOS user
This apps acc the goat. I find revision so boring but this app makes it so easy to organize it all and then you can ask the freeeee ai to test yourself so good and you can easily upload your own stuff. highly recommend as someone taking mocks now
Paul T
iOS user
Keeley
@keeley_maie
Understanding post-war British economic policy is crucial for grasping how the UK rebuilt itself after World War II. These key terms reveal the challenges and strategies that shaped Britain's economy from the 1940s through the 1960s, from rationing to the... Show more
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Join milions of students
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Ever wondered how Britain went from post-war rationing to the swinging sixties? These economic concepts explain the rollercoaster ride of British prosperity and struggle.
Butskellism was a satirical term describing the surprising political consensus between Conservative Butler and Labour's Gaitskell - basically, both parties agreed on economic policy despite being political rivals. This shows how post-war Britain had a shared vision for recovery. Meanwhile, Marshall Aid provided the crucial American cash injection that helped Western European economies, including Britain's, get back on their feet after the devastation of World War II.
The period wasn't all smooth sailing though. Stagflation - that nasty combination of rising prices and economic stagnation - would later plague Britain. Understanding inflation (when your money buys less stuff) versus deflation (when prices actually fall) helps explain why governments constantly juggle economic policies.
Quick Tip: Remember that the post-war boom was a global phenomenon - Britain wasn't alone in experiencing rapid economic growth after 1945, which made international competition fierce.
Access to all documents
Improve your grades
Join milions of students
By signing up you accept Terms of Service and Privacy Policy
British economic policy in this era was all about control and intervention - quite different from today's free-market approach.
Rationing might seem old-fashioned now, but it was essential for fairly distributing scarce resources after the war. Trade unions gained massive power during this period, representing workers' interests as the economy rebuilt. The government also worried constantly about productivity - how much stuff Britain could actually make - because this determined whether the country could compete internationally.
Stop-go economics became Britain's frustrating pattern: periods of rapid growth followed by deliberate slowdowns to prevent the economy overheating. Politicians like Peter Thorneycroft (Chancellor under Macmillan) and Enoch Powell (Minister of Health) shaped these policies, often struggling with the balance of payments - basically, whether Britain was earning more from exports than it spent on imports.
Remember: When you hear about a run on the pound, it means international investors were rapidly selling British currency, making sterling (the posh term for our currency) worth less abroad.
Our AI Companion is a student-focused AI tool that offers more than just answers. Built on millions of Knowunity resources, it provides relevant information, personalised study plans, quizzes, and content directly in the chat, adapting to your individual learning journey.
You can download the app from Google Play Store and Apple App Store.
That's right! Enjoy free access to study content, connect with fellow students, and get instant help – all at your fingertips.
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Transform this note into: ✓ 50+ Practice Questions ✓ Interactive Flashcards ✓ Full Mock Exam ✓ Essay Outlines
Explore the profound effects of World War I on Ireland, including the rise of nationalism, the Easter Rising of 1916, and the anti-conscription movement. This summary highlights key events and shifts in public sentiment, detailing how the war influenced Ireland's path to independence and the changing political landscape. Ideal for higher history students studying the relationship between Ireland and Britain during the early 20th century.
HistoryExplore the key factors that contributed to women gaining the vote in 1918, including the roles of the Suffragists, Suffragettes, and the impact of WW1. This essay analyzes the effectiveness of peaceful versus militant tactics and the influence of international movements. Ideal for higher history studies.
HistoryExplore the key reasons behind conscientious objection and the introduction of rationing during World War I. This summary covers the moral, political, and social factors influencing individuals' decisions not to fight, as well as the impact of wartime conditions on daily life in Scotland. Ideal for Nat5 History students studying the complexities of WW1. Key topics include pacifism, government control, and the effects of rationing on society.
HistoryExplore the critical factors leading to women's suffrage in 1918, focusing on women's war work, suffragist and suffragette campaigns, changing social attitudes, and international influences. This comprehensive essay plan includes evaluations and references, making it ideal for exam preparation and advanced vocational units (AVU).
HistoryExplore the complex factors contributing to the growth of tension in Ireland leading up to 1910. This analysis covers the impact of economic disparities, religious divides, the significance of the 1910 general election, and the reactions of unionists and nationalists to the Home Rule Bill. Ideal for students studying Irish history, this summary provides a comprehensive overview of the political landscape and cultural revival during this pivotal period.
HistoryExplore the pivotal events of Scotland during World War I, including the impact of the war on industry, women's suffrage movements, and significant battles like the Somme. This comprehensive summary covers key concepts such as rent strikes, propaganda, conscription, and the socio-economic changes that shaped post-war Scotland. Ideal for National 5 revision.
HistoryApp Store
Google Play
The app is very easy to use and well designed. I have found everything I was looking for so far and have been able to learn a lot from the presentations! I will definitely use the app for a class assignment! And of course it also helps a lot as an inspiration.
Stefan S
iOS user
This app is really great. There are so many study notes and help [...]. My problem subject is French, for example, and the app has so many options for help. Thanks to this app, I have improved my French. I would recommend it to anyone.
Samantha Klich
Android user
Wow, I am really amazed. I just tried the app because I've seen it advertised many times and was absolutely stunned. This app is THE HELP you want for school and above all, it offers so many things, such as workouts and fact sheets, which have been VERY helpful to me personally.
Anna
iOS user
Best app on earth! no words because it’s too good
Thomas R
iOS user
Just amazing. Let's me revise 10x better, this app is a quick 10/10. I highly recommend it to anyone. I can watch and search for notes. I can save them in the subject folder. I can revise it any time when I come back. If you haven't tried this app, you're really missing out.
Basil
Android user
This app has made me feel so much more confident in my exam prep, not only through boosting my own self confidence through the features that allow you to connect with others and feel less alone, but also through the way the app itself is centred around making you feel better. It is easy to navigate, fun to use, and helpful to anyone struggling in absolutely any way.
David K
iOS user
The app's just great! All I have to do is enter the topic in the search bar and I get the response real fast. I don't have to watch 10 YouTube videos to understand something, so I'm saving my time. Highly recommended!
Sudenaz Ocak
Android user
In school I was really bad at maths but thanks to the app, I am doing better now. I am so grateful that you made the app.
Greenlight Bonnie
Android user
very reliable app to help and grow your ideas of Maths, English and other related topics in your works. please use this app if your struggling in areas, this app is key for that. wish I'd of done a review before. and it's also free so don't worry about that.
Rohan U
Android user
I know a lot of apps use fake accounts to boost their reviews but this app deserves it all. Originally I was getting 4 in my English exams and this time I got a grade 7. I didn’t even know about this app three days until the exam and it has helped A LOT. Please actually trust me and use it as I’m sure you too will see developments.
Xander S
iOS user
THE QUIZES AND FLASHCARDS ARE SO USEFUL AND I LOVE THE SCHOOLGPT. IT ALSO IS LITREALLY LIKE CHATGPT BUT SMARTER!! HELPED ME WITH MY MASCARA PROBLEMS TOO!! AS WELL AS MY REAL SUBJECTS ! DUHHH 😍😁😲🤑💗✨🎀😮
Elisha
iOS user
This apps acc the goat. I find revision so boring but this app makes it so easy to organize it all and then you can ask the freeeee ai to test yourself so good and you can easily upload your own stuff. highly recommend as someone taking mocks now
Paul T
iOS user
The app is very easy to use and well designed. I have found everything I was looking for so far and have been able to learn a lot from the presentations! I will definitely use the app for a class assignment! And of course it also helps a lot as an inspiration.
Stefan S
iOS user
This app is really great. There are so many study notes and help [...]. My problem subject is French, for example, and the app has so many options for help. Thanks to this app, I have improved my French. I would recommend it to anyone.
Samantha Klich
Android user
Wow, I am really amazed. I just tried the app because I've seen it advertised many times and was absolutely stunned. This app is THE HELP you want for school and above all, it offers so many things, such as workouts and fact sheets, which have been VERY helpful to me personally.
Anna
iOS user
Best app on earth! no words because it’s too good
Thomas R
iOS user
Just amazing. Let's me revise 10x better, this app is a quick 10/10. I highly recommend it to anyone. I can watch and search for notes. I can save them in the subject folder. I can revise it any time when I come back. If you haven't tried this app, you're really missing out.
Basil
Android user
This app has made me feel so much more confident in my exam prep, not only through boosting my own self confidence through the features that allow you to connect with others and feel less alone, but also through the way the app itself is centred around making you feel better. It is easy to navigate, fun to use, and helpful to anyone struggling in absolutely any way.
David K
iOS user
The app's just great! All I have to do is enter the topic in the search bar and I get the response real fast. I don't have to watch 10 YouTube videos to understand something, so I'm saving my time. Highly recommended!
Sudenaz Ocak
Android user
In school I was really bad at maths but thanks to the app, I am doing better now. I am so grateful that you made the app.
Greenlight Bonnie
Android user
very reliable app to help and grow your ideas of Maths, English and other related topics in your works. please use this app if your struggling in areas, this app is key for that. wish I'd of done a review before. and it's also free so don't worry about that.
Rohan U
Android user
I know a lot of apps use fake accounts to boost their reviews but this app deserves it all. Originally I was getting 4 in my English exams and this time I got a grade 7. I didn’t even know about this app three days until the exam and it has helped A LOT. Please actually trust me and use it as I’m sure you too will see developments.
Xander S
iOS user
THE QUIZES AND FLASHCARDS ARE SO USEFUL AND I LOVE THE SCHOOLGPT. IT ALSO IS LITREALLY LIKE CHATGPT BUT SMARTER!! HELPED ME WITH MY MASCARA PROBLEMS TOO!! AS WELL AS MY REAL SUBJECTS ! DUHHH 😍😁😲🤑💗✨🎀😮
Elisha
iOS user
This apps acc the goat. I find revision so boring but this app makes it so easy to organize it all and then you can ask the freeeee ai to test yourself so good and you can easily upload your own stuff. highly recommend as someone taking mocks now
Paul T
iOS user
English Literature
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Sociology