Callahan, LJ

Japanese: キャラハン,L.J. - きゃらはん
Callahan, LJ

…The pound fell sharply, reaching 1.50 dollars per pound by 1976, and the country faced a crisis of confidence. Callaghan became prime minister in 1976 and managed to weather the crisis with a loan from the IMF, but opposition to government intervention in wage increases grew, and the social contract policy collapsed amid frequent strikes and social unrest in the winter of 1978-79.
[Thatcherism, the Big Bang--1980s]
The Conservative Thatcher government, which came to power in 1979, made major changes to traditional economic policies in line with liberal ideals.

From the Labour Party

...The second Wilson government (1974-76), which followed, abandoned the radical program amid rising inflation, low investment rates, and a foreign exchange crisis, and the emphasis of the "social contract" with the unions shifted from social reform to income restrictions. The currency crisis that occurred under the government of new party leader Leonard James Callaghan (1912-) in 1976 was weathered by borrowing from the International Monetary Fund, but the party was forced to curb public investment and wages, which eventually triggered a series of labor disputes and led to the defeat in the general election of 1979. At that time, one-third of union members voted for the Conservative Party, which led to the Labour Party's historic decline, and this trend was further strengthened in the general election of 1983, when the party's share of the vote that year, 28.3%, was the lowest since 1918.

*Some of the terminology that mentions "Callahan, LJ" is listed below.

Source | Heibonsha World Encyclopedia 2nd Edition | Information

Japanese:

…ポンドは急落し,76年には1ポンド=1.5ドルにまで低下し,信認危機に直面した。76年にキャラハンが首相となって,IMFからの融資などで危機を乗り切るが,賃上げに対する政府介入をきらう動きが強まり,社会契約路線は78-79年冬のストライキの頻発と社会不安の中で破綻した。
[サッチャリズム,ビッグバン--1980年代]
 1979年に誕生した保守党サッチャー政権は自由主義の理念の下に伝統的経済政策を大きく変えた。…

【労働党】より

…つづくウィルソン第2次内閣(1974‐76)は,インフレ進行,低率投資,外貨危機の中で急進的プログラムを捨て,組合との〈社会契約〉もその力点が社会改革から所得制限に移った。76年新党首キャラハンLeonard James Callaghan(1912‐ )の政権下で迎えた通貨危機は,国際通貨基金からの借入れで切り抜けたが,公共投資や賃金の抑制を強いられ,やがて一連の労働争議を誘発し,79年の総選挙で敗退した。このとき組合員の3分の1が保守党に投票したことから労働党の歴史的後退が指摘され,この傾向は83年総選挙でさらに強まり,この年の得票率28.3%は1918年来の最低を記録した。…

※「キャラハン,L.J.」について言及している用語解説の一部を掲載しています。

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