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Political changes in British history
Pre-war consensus
After the 2 World War the British economy was marked by many crises of varying strength.
The international system which British capitalism was developed within – the empire – had collapsed. British industry had, instead of expanding trade with colonies, to switch-over to compete with highly industrialized countries, especially USA, later on West Germany and Japan.
British industry fell more and more behind, especially because of the country's older production equipment, a lower technological level and a working class which was less integrated in capitalist society.
During Winston Churchill's PM year, a rise to a new era of state intervention happened, also defined as a broad range of agreement on economic and social policies between the Conservatives and Labour. One of the main goals of the post-war consensus was to establish a welfare state, financed by taxation of market and interest rates.
But this created many......

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Approximate Word Count: 984
Approximate Pages: 4 (250 words per double-spaced page)

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