A British Labour Party Victory Leads to Takeovers of Industry
At a glance:
- Series: Great Events from History II: Business and Commerce Series
- Categories: Government and Politics, Economics
- Subcategories: Business, Laws, Acts, Legislation, Industry, Manufacturing, Factories, Labor, Unions, Work, Employment, Elections, Voting
- Curriculum: 20th & 21st Century European History, British History
- Geographical Location: London
- Date: 1945
Article abstract: The electoral victory of the British Labour Party in the summer of 1945 opened the way for passage of a series of laws under which major industries were taken over by public corporations.
Summary of Event
The concept of public ownership has a long history in leftist ideology. It was at the heart of the Marxist program, but it was also espoused by numerous groups and individuals who did not accept many parts of Marxist ideology. It is often difficult to draw the line between public services that ought to be supplied by the government,...
[The entire page is 2733 words long]