economy

    Cards (7)

    • What is the DEA and what did it plan to do?
      • Department of Economic Affairs
      • This would draw up a National Plan which would promote growth + investment.
    • What does the "white heat of technology" refer to?
      • a metaphor for scientific + technological progress that Wilson said in his speech.
    • What did the Prices and Incomes Board intend to do?
      • keep down inflation through the prices and incomes policy
    • Why did Wilson resist devaluing the pound in 1967?
      • He didn't want the Labour party to be known as the "party of devaluation"
    • Who was the DEA created under?
      George Brown
    • What was the economic growth rate between 1964-70?
      Average of 2.7%
    • What did Roy Jenkins achieve?
      In 1969, Jenkins achieved a balance of payments surplus of £387 million.
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