The Debate over Britain's Economic Decline

Mind Map by lizzie.lambrou, updated more than 1 year ago
Created by lizzie.lambrou about 6 years ago


A Levels History ('A closer look' notes) Mind Map on The Debate over Britain's Economic Decline, created by lizzie.lambrou on 03/25/2014.

Resource summary

The Debate over Britain's Economic Decline
1 The crises of the 1970s were the inevitable culmination of long-term economic decline
1.1 British governments had failed to control public spending, or to face down wage demands from unions.
1.2 British industry had failed to restructure and invest in modern equipment.
1.3 Britain's share of world trade had declined steadily.
1.3.1 1/4 in 1951 to 1/10 by 1975.
1.4 Technical education had been neglected.
1.5 Productivity was low compared with foreign competitors.
1.5.1 Average GDP growth from 1950-73: Britan 3%, West Germany 6%, Japan 9%
1.6 Nationalisation had been a big mistake.
1.7 Governments (both Conservative and Labour) had intervened too much to prop up failing industries.
1.8 Too much emphasis on full employment had led to constant problems with inflation.
1.9 The painful economic reforms introduced by Thatcher after '79 were both necessary and overdue.
2 No 'continuous decline', the 'Golden Age'
2.1 The post-war era can be regarded as a 'Golden Age'.
2.1.1 Living standards rose steadily
2.1.2 Rate of economic growth was consistently higher than it had been between 1900-39
2.1.3 Unemployment, the curse of the 1930s, averaged 2%
2.1.4 Year by year, Britain was becoming a more prosperous and equal society
2.2 Unfavourable comparison with foreign competitors can seem misleading.
2.2.1 Both Germany and Japan had been devestated by WWII Had had to completely restructure their economies Neither had been permitted to rebuild their military strength
2.2.2 Looks better when Britain's defence spending (annual average 7% of GDP) is taken into account.
2.3 Thatcher's radical policies in the '80s were excessively severe and often unnecessary
Show full summary Hide full summary


Hitler and the Nazi Party (1919-23)
Adam Collinge
History of Medicine: Ancient Ideas
James McConnell
GCSE History – Social Impact of the Nazi State in 1945
Ben C
Conferences of the Cold War
Alina A
Using GoConqr to study History
Sarah Egan
The Berlin Crisis
Alina A
The Weimar Republic, 1919-1929
Weimar Revision
Tom Mitchell
Britain and World War 2
Sarah Egan
Bay of Pigs Invasion : April 1961
Alina A
Germany 1918-39
Cam Burke