British Economy in 1951

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  • Economy in 1951
    • Difficulties
      • Damaged infrastructure
      • Massive depths
      • Old staple industries in decline
      • Britain reliant on US to begin economic recovery
      • Consumer goods = scarce & expensive
      • Rationing only just  coming to an end
    • Optimism
      • Still one of the leading economic powers
      • British companies still at forefront of key sectors
      • European competitors suffered more during the war
      • Living standards were rising


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