HISTORY 2TT3 Lecture Notes - Lecture 17: Trans-Canada Highway, Elliot Lake, Tim Hortons
21 Mar 2017
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Prosperity, consumerism and conformity in cold war canada: post war prosperity. Canada"s post war prosperity: some massive inflation, but real growth overtime, gdp. 1960 - 41 billion 1970 - 97. 8 billion: canadian dollar being tied to the price of oil happens after wwii with the increase of petroleum extraction, growth in natural resource extraction and exploitation, 1945-1970: Petroleum (oil and gas) increases 100-fold: 1950: us investment in canada is . 58 billion (out of an economy valued at . 4 billion). By 1957, us investment is . 33 billion leads to concerns about us control of cana. Us investment outpaces british, makes up around 80% of investment in canadian economy: leads to increasing concern with us involvement in canada. Before leduc, alberta: canadian production was 20 barrels a day, was 200 a day afterwards. Cold war prosperity: industrial production also fuelled by the cold war. Includes important technological research into satellites, robotics, computers, aeronautics.
