Assess the period of 1952-1963

The period of 1952-1963 was in the heart of what is known as ‘the golden age', which saw wide scale growth of GDP and investment in Western Europe. The distinguishing features of the post war period as identified by Matthews was of full employment, chronically rising prices, an abnormal ratio of domestic investment to income and relatively high growth in income per capita by historical standards. In this epoch of British history government policy principally tried to manage the level of inflation, the balance of payments, the level of investment, the rate of growth and the level of employment. The tools available to the government can broadly be divided into two categories manipulating the level of fiscal expenditure in the economy as well as influencing the level of monetary supply in the economy.
Fiscal policies largely revolved around changing the levels of government taxation and expenditure, to expand or contract the economy. The......

Join Now to view the rest of this term paper!
Members: Login to view this research paper.

Title: British Economic History, 1952-1963
Approximate Word Count: 2275
Approximate Pages: 10 (250 words per double-spaced page)

With the Term Papers Lab Membership Pass, you get instant access to every essay on this site, including this essay on British Economic History, 1952-1963, for as long as you remain a member.

Other essays sites charge almost $100 for a single term paper. At Term Papers Lab, you can get instant access to over 100,000 research papers for as little as $29.95!