BUS 100 Lecture Notes - Frederick Winslow Taylor, National Energy Program, Zaibatsu

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Published on 3 Oct 2012
Department
Course
Professor
a) manorial system
-seigniorial system, economic and social system of medieval Europe under
which peasants' land tenure and production were regulated
- Medieval Europe
- Breakdown of political structures in Europe forced the creation of self-
sufficient manorial estates
- Serfs and peasants tied to land and owed service to manor lord in return for
protection
- Feudal society based on tradition and custom with an absence of money
transactions
GATT
- post WWII
Von Hayek
- free markets
National Energy Program
Energy Crisis
Industrial relations and disputes
Stagflation
Untraded dependencies
John D. Rockefeller
Harold Adams
Canada US FTA
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John Mayard Keynes
“is it nominated in the bond”
b)Milton Friedman
-advocates free markets and monetarism
c) PC 1003
- Paternalism era (1907-1948)
impact of WWII:
- PC 1003 passed in 1944
- copied U.S. New Deal legislation, adding conciliation requirement
- collective bargaining enshrined in Canadian law for the first time
d) NTT
e) Quiet Revolution
- 1960s, during third industrial revolution
- period of intense change: national identity, welfare state, govt took over health care
and education from church, unionization of civil service, economic progression
- Growing Nationalism
-Quiet Revolution – Quebec – Francophone majority threatened to separate -
economic repercussions
- liberal provincial gov’t Jean Lesage who took over Maurice Duplessiss in 1960
f) initial endowments and staples
g) limited liability
i)zaibatsu
- Industrial growth of Japan, 1867- 1945
-Japanese economy controlled by conglomerates known as zaibatsu
-Family-owned holding companies with horizontal links across a wide range of
industries
-Four largest zaibatsu were Mitsui, Mitsubishi, Sumitomo, and Yasuda
-Mitsui family had business origins in the 1670s
-By 1914, Mitsui was heavily invested in banking, textiles, and coal mining
-Mitsubishi family controlled the Japanese shipbuilding and railway sectors
-Zaibatsu closely allied with the Japanese government
-diminished 1945 following WWII under US occupation
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