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(9)Labour economic problems
Description
A level British History (Labour, Attlee 1945-51) Mind Map on (9)Labour economic problems, created by Marcus Danvers on 12/11/2013.
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british history
labour
attlee 1945-51
british history
labour, attlee 1945-51
a level
Mind Map by
Marcus Danvers
, updated more than 1 year ago
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Created by
Marcus Danvers
almost 11 years ago
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Resource summary
(9)Labour economic problems
Initial problem: Lend-Lease ended and Britain couldn’t pay for its imports
Britain had to export to earn money to buy these imports
Dalton taxed Britain heavily to restrict expenditure in Britain and ensure exports
Winter of 1947
US loan meant that pound and dollars had to be convertible – and people took their dollars
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