1. The British Conservative Period: 1951 – 1964
... spite of this, inflation was a recurrent problem and there were several sterling crises. Effectively, the Conservative government had let the boom persist without any sort of management as Macmillan hid the balance of payment issues and debt. This left many citizens feeling unsupported, despite the boom. As While industrial production increased by 40%, real wages only increased by 28%. This shows theThese underlying financial issues, which persisted in ... the fifties, . Thereforeshowing that, the Conservative reign period can be viewed as the 'thirteen wasted years' despite the ec...
- Word Count: 1541
- Approx Pages: 6
- Grade Level: Undergraduate