The IMF Crisis of 1976 - Professor Vernon Bogdanor
Professor Bogdanor explains how a loan ended the post-war consensus and drove the Labour Party from Government until the 90s: http://www.gresham.ac.uk/lectures-and-events/the-imf-crisis-1976
In 1976, the Labour government sought a loan from the International Monetary Fund to meet deteriorating economic conditions. The Fund demanded large cuts in public spending. After a bitter Cabinet battle, the Cabinet agreed, so ending plans to expand the economy and improve the social services. Many believed that 1976 was also a crisis for democratic socialism, a philosophy which had sought social improvement through economic growth. That philosophy now appeared irrelevant during a period of austerity.
The transcript and downloadable versions of the lecture are available from the Gresham College website: http://www.gresham.ac.uk/lectures-and-events/the-imf-crisis-1976
Gresham College has been giving free public lectures since 1597. This tradition continues today with all of our five or so public lectures a week being made available for free download from our website. There are currently over 1,800 lectures free to access or download from the website.
Website: http://www.gresham.ac.uk
Twitter: http://twitter.com/GreshamCollege
Facebook: https://www.facebook.com/greshamcollege
Instagram: https://www.instagram.com/greshamcollege
Видео The IMF Crisis of 1976 - Professor Vernon Bogdanor канала Gresham College
In 1976, the Labour government sought a loan from the International Monetary Fund to meet deteriorating economic conditions. The Fund demanded large cuts in public spending. After a bitter Cabinet battle, the Cabinet agreed, so ending plans to expand the economy and improve the social services. Many believed that 1976 was also a crisis for democratic socialism, a philosophy which had sought social improvement through economic growth. That philosophy now appeared irrelevant during a period of austerity.
The transcript and downloadable versions of the lecture are available from the Gresham College website: http://www.gresham.ac.uk/lectures-and-events/the-imf-crisis-1976
Gresham College has been giving free public lectures since 1597. This tradition continues today with all of our five or so public lectures a week being made available for free download from our website. There are currently over 1,800 lectures free to access or download from the website.
Website: http://www.gresham.ac.uk
Twitter: http://twitter.com/GreshamCollege
Facebook: https://www.facebook.com/greshamcollege
Instagram: https://www.instagram.com/greshamcollege
Видео The IMF Crisis of 1976 - Professor Vernon Bogdanor канала Gresham College
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