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Profits of PeaceThe Political Economy of Anglo-German Appeasement$
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Scott Newton

Print publication date: 1996

Print ISBN-13: 9780198202127

Published to Oxford Scholarship Online: October 2011

DOI: 10.1093/acprof:oso/9780198202127.001.0001

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(p.193) Conclusion
Profits of Peace

Scott Newton

Oxford University Press

The Hess affair marked the last serious attempt to reach a specifically Anglo-German,détente. In July 1945 the British electorate, radicalized by total war, elected a majority Labour government for the first time. There was to be no repeat of the post-1918 experience. This time the reconstruction agenda was carried through against weak opposition from a demoralized Conservative Party. By 1950 Britain had a National Health Service. Town and country planning was established. Economic expansion had reduced unemployment to below 3% of the work-force. A shift in manufacturing production and export composition away from the old staples in favour of the new industries which had received a stimulus from the war — electrical goods, electronics, aerospace, and vehicle manufacturing — was under way. Victory in war and success in reconstruction were, however, accompanied by dependence on the United States.

Keywords:   British foreign policy, economic policy, appeasement, détente policy, Hess

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