SOCWORK 1AA3 Lecture Notes - Lecture 11: John Maynard Keynes, Government Spending, Monetarism
3 Sep 2018
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3 key periods: industrialization-1860"s-1940 what"s happening, rapid growth in manufacturing and capitalism . profits and inequality . poverty was growing, few worker protections. Workmen"s compensation in 1914: mothers allowance 1920 (ontario"s child benefit) . Old age pensions 1927: unemployment insurance 1940. Government: transition from public to private, regulation of markets, stock market crash of 1929 . Ww2: the welfare state 1941-1970"s what"s happening, ww2 concludes, social welfare advances . >social minimum >blue print for modern social security system. Multiplier effect: if more people aro omployed, more people are spending their money, leads to more employment . Government spending: social democratic politics riso, grassroots movements activism . "too much democracy: 1970"s, neoliberal era era of erosion. Starting in the 1970"s: driven by ideology, shift from institutional view of social welfare .
