Class Notes (836,147)
Canada (509,656)
History (1,443)
HIST 386 (34)
Lecture 15

Lecture 15- Post-WWII.pdf

1 Page
Unlock Document

HIST 386
Brian Lewis

full employment seems here to stay economy strong enough to soak up existing unemployment and new supplies of labour incomes rise generous provisions of new welfare state explosive and sustained growth in world economy spectacular events in globalization and internationalization of the economy economic dominance of US and US dollar contains 60% of all the capital stock of all the advanced capitalist countries produced 60% of all their output US provides financial stability, during which other countries imitate their pre-war eco. expansion greater application of oil and internal combustion engine to European economies US marshall aid to rebuild post-war Western Europe transformation of W.Ger. and Fr. most governments did not return to laissez-faire, going for consensus politics and mixed economy something of a consensus b/w employers and labour representatives, facilitated by governments (called corporatism) the more money people have and the more secure their income is, the more they have to spend on consumer goods unlike pre-war, there wasn't any great gap opening between those in work and the long-time unemployed ppl unemployment was generally below 2% much work was still manual and tedious, but still gave them decent pay checks tv sets explode in the home private cars as well Tories in power successive conservative administrations 1951-64 they had rebuilt since their shock defeat in 1945 consolidated support in suburbs and moved into vacated liberal territory labour infighting 1951 onwards, bedevilled by factional infighting Hugh Gateschool (right) and Nay Bevin (left) because of Korean War Brits abandoned any residual pro-Soviet feeling sent troops to fight alongside Americans meant mil. expenditure had to rise again, which hurt the economy Bevin resig
More Less

Related notes for HIST 386

Log In


Join OneClass

Access over 10 million pages of study
documents for 1.3 million courses.

Sign up

Join to view


By registering, I agree to the Terms and Privacy Policies
Already have an account?
Just a few more details

So we can recommend you notes for your school.

Reset Password

Please enter below the email address you registered with and we will send you a link to reset your password.

Add your courses

Get notes from the top students in your class.