SOCY 122 Lecture Notes - Lecture 18: Darpa, Citibank, Slaight Communications
23 Mar 2018
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The golden age: 1945-46- 9 million men demobilized in us, 1945 military spending . 3 million (40% of gdp, 1946 military spending . 3 million (21. 4% of gdp, 1950 military spending . 3 million (5% of gdp) The golden age: birth of the consumers" republic, mass built homes in suburbs, the kitchen debate, shopping centres, trans canada highway, car culture. Keynesianism in the golden age: progressive taxation, government investment in economy. Infrastructure: social welfare, universal health care, national pension plan. Keynesianism in the golden age: productivity rose dramatically- 3. 5 times faster in 1950s than between 1913 and 1950. Large corporations (500 to 600) dominate communications, power, transportation, manufacturing, mining, retail trade, entertainment: regulation of aggregate demand is of highest urgency. Corporate growth and concentration: three waves of corporate merger - 1900-1910 (offensive mergers), 1920s (defensive mergers), 1940s and 1950s (diversification mergers) followed by takeover mergers in 1960s.
