HIST 2360Y Lecture Notes - Lecture 20: 1973 Oil Crisis, Stagflation, John Maynard Keynes
5 Apr 2016
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Document Summary
We do not know a world without free trade because it has always been there: same with the consituion. The postwar economy, especially in the 1970s, was an economy of diiculty. Despite the conlict and controversy over free trade mulroney was successful in achieving free trade. Despite his victory and the 25 years of free trade we"ve had, the legacy of free trade is ambiguous. Canada was one of the world"s largest manufacturers in lumber, wheat, gold, oil, gas, etc. Oil strike in leduc, alberta; mainly american companies that were involved. In the 1950s-1960s you saw an increasing growth in the female involvement in the service industry (malls, fast food, etc. ) Amount of currency in circulaion and the value of the money. Governments can decide whether they want a ixed currency or a loaing currency: floaing is that the value of the canadian dollar can loat up and down, compared to outside currencies.
