In the years following the Conservative Party’s defeat in the 1945 general election, the Tories were forced to accept significant parts of Labour’s programme, recognising their un-electability otherwise. A right wing fringe of the party rejected this centre ground compromise and demanded an extreme brand of supply side economics known as monetarism. The opportunity to impose this on the party and later the country emerged in the crisis years of the 1970s. Explaining History helps you understand
Reading time:
1–2 minutes

Explaining History Podcast
For more than a decade, the Explaining History Podcast has helped listeners around the world make sense of modern history. What began in 2012 as a simple experiment—short, accessible episodes explaining major historical events—has grown into a long-running library of carefully researched, thoughtful explorations of the 20th and 21st centuries.
If this was useful, there’s more where it came from.
Every week I publish one piece connecting a current event to its historical roots — free, every Tuesday. Paid subscribers get two additional deeper dives and full archive access.
Subscribe to Explaining History →