GMGT 1010 Lecture Notes - Fall 2018 Lecture 5 - Neoliberalism, Bretton Woods system, Fiscal policy

• School: University of Manitoba
• Department: General Management
• Course: GMGT 1010
• Professor: Sean C. Buchanan

Document Summary

Gmgt 1010- lecture 5- september 20, 2018- capitalism in history. Lecture 4 continued. (in canada and the united states) There was a large amount of people returning from the war. The wages at the time were very low and there was a high amount of unemployment. On may 15, 1919, 30,000 workers walked off the job. (even police and firefighters) there was a fear of communist overthrow. General strikes don"t happen very often because it is very difficult to coordinate that many people over many industries. Helped to shape the labour movement in north america because they were fighting for the same things. The population was increasing, and businesses were doing well, therefore unemployment was very low and so were wages. Wages were increasing in small amounts even though there was no minimum wage. In 1929 the stock market crashed, and this led to the great depression. As well as the unemployment was 1 in 4 didn"t have a job.