HISTORY 3N03 Lecture Notes - Lecture 19: North American Free Trade Agreement, Upper Class, National Energy Program
15 Apr 2018
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Document Summary
Poverty and exclusion in the late 20th century. Introduction: the end of the age of affluence and the rise of neo-conservatism (new right) For many canadians, the post-wwii period was a period of affluence. Delicate balance of policies: private enterprise + social programs. Influenced by keynesian economics (post-great-depression): governments needed to spend money to stimulate the economy, correcting the deficits created in bad times by increasing revenues in good times. Internationally, the right was on the rise, which bolstered right-wing thinking at home. Reagan (president of united states), thatcher (pm of united kingdom), and mulroney (pm of. In the 1980s, canada and us were becoming more economically entwined. Us: facilitate conditions of fair competition within the free-trade area established by the agreement, liberalize conditions for investment. Stagflation for canada and other western nations: negligible economic growth, high levels of unemployment, high inflation (economic downturn did not fix itself)
