A period of post-war economics marked by relative social ease and economic success
Period of Conservative government control in post-war Britain
1951-1964
Conservative party leaders 1951-1964
Winston Churchill
Anthony Eden
Harold Macmillan
Alec Douglas-Home
Winston Churchill
Wartime prime minister credited for Allied victory in WWII
Sickly and old (77) during his 1951-1955 premiership
Anthony Eden
Responsible for the Suez Crisis in 1956, leading to his resignation in 1957
Harold Macmillan
Prime minister from 1957-1963
Alec Douglas-Home
Prime minister for a short period from 1963-1964, not enough time to implement policies
There was generally bipartisan support and a post-war consensus between the main political parties
Policies with broad consensus
Expansion of the welfare state
Importance of the NHS
Government intervention in the economy for growth
Supporting the USA against the USSR
Independence for colonies
The Conservatives were successful
Broad economic success, low unemployment, rising living standards
The Labour party was unsuccessful
Internal divisions, opposition to defence spending and nuclear weapons
The Conservative government held power for so long due to public desire to maintain the post-war consensus and prosperity
The Conservative government began to decline
Lack of representation of women and young people, political scandals
The "Night of the Long Knives"
Macmillan's purge of his cabinet in 1962 to introduce younger figures
The Profumo Affair
A sex scandal involving the Minister of War John Profumo in 1963
The rise of political satire
Eroded respect for government and political figures
The undemocratic replacement of Macmillan
Alec Douglas-Home was chosen as the new leader, despite not being a popular candidate
Societal attitudes towards the government, even today, and the replacement of MacMillan as a controversial aspect of the conservative government
MacMillan retired as Prime Minister in 1963
The method for which MacMillan was replaced was seen as an old-fashioned and undemocratic system
The two most notable candidates in 1963
R.A Butler
Lord Hailsham
Douglas Home, who wasn't seen as a popular candidate, was picked to be the next leader through an undemocratic procedure
Douglas Home was not in power long enough to establish himself and mark his legacy as Prime Minister before the conservatives were replaced by the labour government
In the next lessons, we will talk about the society, economy, immigration, and foreign policy during the affluent society of the conservative governments between 1951-1964
The period of conservative governments between 1951-1964 saw a post-war economic boom and large economic growth
Butskellism
An economic policy combining ideas of the conservative and labour parties, aiming to maintain full employment, economic growth, welfare state development, and defense commitments
Britain imported more than it exported, leading to a balance of payments deficit that grew to 95 million pounds
Britain faced difficulties in committing economically to a competitive economy, nuclear weapons, and a strong welfare state
Stagflation
The idea that prices continue to grow while the economy doesn't, with stagnation and inflation
British debt increased from 540 million in 1957 to 800 million in 1964
MacMillan's 1957 speech stated that the British people "never had it so good"
There were issues with the economy, including consumer spending on credit, gradually increasing unemployment, inflation, economic commitments, and balance of payments problems
Stop-go policy
An economic policy favoured by conservative chancellors to control economic growth by adjusting inflation rates through interest rate changes
In 1957, MacMillan's entire treasury minister team resigned over measures enforcing the stop-go policy
In 1961, the government announced a pay pause in the public sector to curb pay demands, but gave in to threats from striking electricity workers
By 1963, unemployment had risen to 800,000 people
In 1964, the chancellor adopted a free-spending budget to reduce unemployment, which increased the deficit back to 800 million
While the economy was prosperous during this period, the cracks were starting to show by 1964
The next lesson will cover societal issues during this period, before discussing foreign policy
Installment purchasing
Ability to put down a certain amount of money and then get the item straight away, then pay off the rest using weekly or monthly installments