Growth of a consumer society, 1951-79 (4a) Flashcards Preview

History - Britain Transformed > Growth of a consumer society, 1951-79 (4a) > Flashcards

Flashcards in Growth of a consumer society, 1951-79 (4a) Deck (11)
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1
Q

What were the causes of the Consumer Society?

A
  • The global economic boom
  • Rise in wages
  • Changes in travel & leisure
  • Consumer credit
2
Q

When was ‘the Golden Age of Capitalism’?

A

Between 1951 and the early 70s - this was when the global economic boom occured

3
Q

What was ‘the Golden Age of Capitalism’?

A

Countries around the world experienced rapid economic growth & in countries like the USA

4
Q

Why was the USA in a good economic position in the years 1951-79?

A
  • Keynesian economics was used most widely
  • Their war debt was not as low as other countries - due to money owed to them
  • This boosted their manufacturing industries
5
Q

Give an example of how widespread the global economic boom?

A

Even countries like Japan & Germany experienced massive growth

This was fuelled by their apility to export

6
Q

How did Britain change during the global economic boom?

A

It became a country that imported more than it exported

7
Q

Why did Britain become a country that imported more than it exported during the global economic boom?

A

Due to its inability to invest wisely in our manufacturing industries

8
Q

How was Britain’s huge import market during the global economic boom helpful to some people?

A

It helped some business & people were able to buy, because of the growth of consumer credit

9
Q

How did spending on consumer goods change in the 1950s?

A

It rose by 25% in the last part of the 1950s

10
Q

Why did spending on consumer goods increase in the late 1950s?

A

Wages rose due to the post-war boom & the governement’s approach to the economy through the PWC

11
Q

How was consumer buying similar/different to how it was before WW2?

A

Similar: The tendency to buy labour saving devices had started to develop before WW2 - this continued after

Difference: New products such as televisions were introduced after the war

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