HIST 1300 Lecture 7: HIST1300
6 Oct 2016
School
Department
Course
Professor
Document Summary
Canadian history lecture of march 2, 2016. As war has turn in favour of the allies, canadians are worried that country will go back to economic hardship and depression. Significance dominant ideology across civil servants in canada 1939-1973. John keynes, economist, challenges the ideas of adam smith (wealth of nations) and the classical and neoclassical economist about their idea of equilibrium and that the economy is not self-correcting. Looks for the cause of the depression. Keynes: if the people in business are not spending, then government has to step in to make those expenditures and prime the economy. Significance writes the report on social security in 1943. Lends this brain to the government for /year as he is 39, too old to fight in war. Report on social security (1943) question 2. Significance report on social welfare written by leonard marsh which the government rejects.
