History 2125F/G Lecture Notes - Lecture 7: War Measures Act, Planned Economy, Keynesian Economics
21 Mar 2014
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Canada and united states: not in total war, can mass produce, capitalism and factories get used for production of war time goods. Classic crown corporation: synthetic rubber, made from oil, government kicks in a lot of money in polysar sarnia that will for a long time made goods, stays a government company for decades, pulp and paper 1943. Spending driven by government not business: government is winning war, government is spending relief during depression, 800 percent increase in taxation to fund to the government relief. Business joins the war effort: try to market people to buy victory bonds. Link wartime and peacetime production: when war is over you can buy stuff, soldiers coming back from oversees can get suburban home. Government deficit vs. gnp 1945: debt is an economic tool. Volunteers celebrated: not just unions push for everyone to push productivity, farmers are businessmen and workers, limit your buying.
