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summarise the 1950s economy in one word
slay
the strong economy in the 1950s led to…
rising wages, lower taxes and a rise in disposable income
the 50s was the first time…
the middle class had disposable income and it was them who drove consumerism
what else happened in the 1950s?
working hours were reduced
how did this boost consumerism?
there was an increase in leisure time and as such people were willing to spend more on leisure
british people lived in a [blank] during the 1950s
cycle of prosperity
what rose in numbers during the 1950s?
self service shops
when did the first self service shop open?
1942
how many were there by 1967?
24,000
when did the first supermarket open?
1950
how many supermarkets were there by 1967?
3,000
how much did consumer spending increase by over the 1950s?
115%
what was more money being spent on?
non-essential goods
was consumption still mostly based around necessity?
yes
the 50s was the first decade where britain…
began to be influenced by the ‘american way of life’, specifically their culture of desire for material goods
what helped this?
the deregulation of broadcasting in 1954 which cleared the way for commercial tv
how was this lifestyle further encouraged?
through hollywood movies, tv and magazines all of which advertised these luxury goods