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This source is highly valuable as it presents the Consrvative parties view for how they managed the economy during this time. They argue that their policies had led to ‘prosperity’ and that ‘the economy is sounder than at any time since the first world war’. Suggesting that the conservatives economic policies had a greatly positive effect on the country. It identifies that ‘life is better with the conservatives’ as great successes of their economic management showing how they had raised the living standards for the population. We know that the 1950s was an age of affluence, with their being a 500% rise in car ownership. Wages increased greatly with nearly an increase of 50% from 1951 to 1964 allowing people to buy more luxuries and therefore increasing their standard of living. It is also valuable in demonstrating how there was ‘a better health service’ and ‘new homes’ under the Conservatives. NHS spending doubled between 1951 and 1962 and spending on welfare increased from 3% to 19%. Presenting the idea that social welfare flourished under the conservatives economic policies. Therefore, it can be seen that this source presents a very valuable insight into how the Conservatives identified economic management as one of their key successes, and chose to focus on it in their manifesto. However, the failure to mention the use of stop and go policies and the failure of the government to create policies which encourage a consistently performing economy limits the source from being valuable to a complete extent. Therefore, this source is highly (but not completely valuable to a historian studying the conservative government's management of the economy in the years 1954 to 1961.
This source is highly valuable in telling a historian how the conservatives managed the economy as the source is from the Conservative party’s 1959 election manifesto. The manifesto of a party is what the party presents to the electorate, and therefore the party's insight will be highly valuable to our understanding of the period as it shows how they would want their policies to be perceived. We know at the 1959 election the conservative parties majority increased by 100, this is significant as it shows to a historian that the electorate was content with the government's policies. Making the source valuable, as it shows what positive impacts to the economy the government made, which incentivised the people to vote them in again. However, as part of the manifesto, the source may be influenced into portraying the conservative’s management of the economy positively in order to persuade people into voting for the conservatives. In addition, the source does not benefit from being written in hindsight and therefore fails to mention failures of the economic policies (such as the economies growth rate was the lowest in western europe). This limits the source from being valuable to a complete extent, but it is still valuable to a large extent in portraying to a historian the benefits of the conservatives economic policies.
In conclusion , the source is valuable to a large extent to a historian studying the conservative government's management of the economy in the years 1954 - 1961 as it details the great successes of their policies. However, it is limited from being completely valuable by failing to reference the downsides to their management.