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3 Cards in this Set
- Front
- Back
Butskellism |
Name given to the similarities between the Conservative policies of R.A. Butler (then-Chancellor of Exchequer) and the Labour policies of Hugh Gaitskell. |
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Stagflation |
Economy stops growing but inflation continues to rise. |
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Run on Pound |
When international investors take their money from the British Sterling into other economies, especially the dollar, hence decreasing the national wealth. Represents the extent of economic faith in Britain. |