Do You Agree with the View That the Conservative Party’s Policies in the Years 1951-59 “Hindered the Country’s Economic Development”?

1263 WordsFeb 3, 20136 Pages
The Conservative Party which was leaded by Winston Churchill (1951-55) and Anthony Eden (1955-57) and Harold Macmillan (1957-63) between the years 1951-59 wanted, according to their manifesto in 1951, to stop all further nationalisation. The Iron and Steel Act will be repealed and the Steel industry allowed resuming its achievements of the war and post-war years. To supervise prices and development we shall revive, if necessary with added powers, the former Iron and Steel Board representing the State, the management, labour, and consumers. They also wanted to free the people from austerity and housing shortages. Macmillan introduced the stop and go economy. If the domestic consumption and the prices rose too quickly (and the economy…show more content…
The first motorways were built and the Clean Air Act (1956) was passed. The home ownership increased from 30 per cent to 50 per cent and also the personal savings increased from 200£ to 2000£. The Conservative Party hindered the country’s economic development but just limited. On one side it hindered the economic development (stop and go), on the other side it enabled the economic growth. Source 4 is a book called Mastering Modern British History from Norman Lowe which is published in 1984. This source is a secondary source. The Source sets up the thesis “Conservative Party hindered the country’s economic development. It criticises that the Conservative Party emphasised the improvement in world trade rather than improving the economic policies. This caused an economic failure. It accuses the Conservative Party for hindering the country’s economic development. The introduction of the stop and go approach caused this as well. The stop and go approach caused Stagflation. This is a situation where an inflation rate is high, the economic growth rate slows down, and unemployment remains steadily high. Considering the faults under the Conservative Party the government did not perceive their opportunities to improve the economic failures. The government had no coherent economic policy (they used stop and go). There was no structured financial strategy (the budget was used to buy votes). The investment in the Research and Development was

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