The main topic of this text is currency devaluation, an economic strategy used to lower a nation's currency value to boost exports and correct trade imbalances. It delves into Harold Wilson's tenure as UK Prime Minister and the political and economic factors leading to the British pound's devaluation in 1967. The text also examines the aftermath and the broader implications of such financial policies.
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1
While currency ______ can help address trade imbalances by boosting exports and curbing imports, it might also cause inflation.
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2
Harold Wilson's terms as UK Prime Minister
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3
Harold Wilson's role in 1949 devaluation
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4
Wilson's stance on devaluation during premiership
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5
In 1964, when ______ took office, the government discovered the current account deficit was almost twice as expected, nearing an £______ million gap.
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6
National Plan Launch Date
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7
National Plan Goals
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8
National Plan Termination Year
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9
The closure of the ______ and the Arab-Israeli conflict led to higher oil prices affecting the ______ economy.
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10
1967 UK devaluation economic goal
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11
Wilson's assurance post-devaluation
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12
Effect of devaluation on UK defense budget
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13
By ______, the devaluation of the pound was seen to have a positive effect, leading to a trade ______.
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