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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.

Stagflation

Economy stops growing but inflation continues to rise.

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.