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The 1945 Labour Goverment- Cabinet and Economics
HISTORY: Key Facts for A2 Exam
20
History
Not Applicable
06/06/2011

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Cards

Term
Clement Attlee
Definition
Labour leader 1935-55 and PM 1945-51. He was seen as down-to-earth and appealing. He distrusted Deputy PM Morrison and did not wish to be succeeded by him.
Term
Herbert Morrison
Definition
Deputy PM 1945-51 and also adopted Foreign Secretary after Bevin's death in 1951.
Term
Ernest Bevin
Definition
Foreign Secretary 1945-1951 until his illness lead him to resign and he died soon afterwards. He was expected to become Chancellor but his poor relations with Morrison prevented this. He was also a founding member of the TGWU in 1922
Term
Hugh Dalton
Definition
Chancellor 1945-47 when he leaked a budget detail to the press and was forced to resign
Term
Stafford Cripps
Definition
Succeeded Dalton as Chancellor. His measures of austerity to avoid financial crisis made him unpopular
Term
Aneurin Bevan
Definition
Minister of Health 1945-51 and the creator of the NHS. He resigned in 1951 after charges introduced in the NHS. He
Term
£3500 million
Definition
National Debt in 1945
Term
294%
Definition
National Debt of GDP
Term
Lend-lease Scheme
Definition
Financial aid from the USA whilst the war with Japan continued. However, the payments ended earlier than Britain had expected when Japan surrendered in 1945
Term
Marshall Plan
Definition
US aid to rebuild Europe in 1948
Term
$3000 million
Definition
Aid recieved from the Marshall Plan
Term
45%
Definition
Post WW2 income tax
Term
The US Loans
Definition
Negotiated by Keynes who was disappointed at the result. In return Britian had to end Imperial Preference, join GATT and devalue the pound. Repayments were to begin in 1951.
Term
$3750 million at 2% interest
Definition
The terms of the post-WW2 US loans.
Term
15%
Definition
Improvement in imports post WW2
Term
77%
Definition
Improvement in Exports post WW2
Term
GATT
Definition
General Agreement on Trade and Tariff, joined by Britain in 1947
Term
$2.80
Definition
Revalued pound in 1949
Term
30%
Definition
Decline in British reserves in 6 months of 1949 when America appeared to be on the brink of depression.
Term
1/3
Definition
Post WW2 Production increase.
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