Name two consequences of the nationalisation in Labour Britain.
The government had to pay reparations to previous company owners increasing budget deficit, most industries became less efficient, neither class within society was fully happy with the effects.
Why was the ending of Lend Lease unfavourable for Great Britain?
Britain wanted an extension of lend Lease with 0% rate but USA did not allow for this arrangement. Britain was instead offered a 3% loan which was considerably more costly
What was Truman Doctrine and what was its effect for British foreign policy in Europe?
It was an American policy aimed to stop spread of communism across the world. It meant that Britain was involved in the conflict as a main ally of USA in Europe. As an example, Britain had to severe its relation with Poland and Czechoslovakia, enter Korean War.
A program of financial aid offered to countries fighting against the communism. Great Britain was one of the countries which received the biggest proportion of it.
Name three reasons why Britain opted not to join EEC in 1950s.
Britain just nationalised key industries so that government could have greater control over them and by joining EEC they would have to give them up, there were concerns about political sovereignty, the right to self-govern with supranational organisation like EEC having influence on politics, Britain wanted to retain its economic links to the Empire and Commonwealth, British wanted to find balance between involvement in Europe while maintaining special relationship with USA, there was no reason to believe that EEC will be a success.
Give at least two reasons why British Government decided to take aggressive action after nationalisation of Suez Canal.
Labour was heavily criticised for not taking action after nationalisation Anglo-Iranian Oil Company, personal conviction of Eden and his worries about Nasser.
What were the consequences of the Suez Crisis for Britain?
Britain showed it cannot conduct its own foreign policy, British withdrawal likely caused backlash of French veto to our application to EEC, Britain lost an ally in Iraqi king Faisal who was murdered in 1958, Eden resigned and was replaced by Macmillan in 1957, Britain lost large amount of dollar reserves which caused economic crisis and weakened pound and relationship with USA suffered.
Name the reasons which forced British withdrawal from Suez Canal.
Britain was forced to buy oil from USA in dollars and USA purposely lifted prices, Britain could not criticise USSR for intervention in Hungary while at the same time exercising similar intervention in Egypt, United Nations applied a lot of pressure on Britain, other Arab countries sympathised with Egypt and USA openly criticised Britain.