This Unit aims to
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Continue on from Unit 19, following the economic and political scene in Britain after the Second World War.
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Investigate the failure of Keynesian demand management.
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Examine the post-war shop stewards movement.
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Look at the decline of the Communist Party and the emergence
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of the ‘new left’ and rank and file movement.
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Chart the onslaught of Thatcherism on the working class.
Terms and abbreviations
Keynesian Economics: An economic theory advocating government intervention, or demand side management of the economy, to achieve full employment and stable prices.
Macro-economic: The performance of the overall economy, inflation, unemployment, and industrial production.