Lecture 17 Part 2 – Post-War Economics
GDP increased from $5.7 billion in 1939 to $30+ billion in 1958
The Marshall Plan runs from 1942-1952 to rebuild Europe, goods coming
from US and Canada
o Goods, money, etc.
Immigration greatly increased, especially between 1951-1961
People coming from Germany and Russia very common, especially Jewish
Development of the Trans Canada Highway, oil pipelines and the St.
Lawrence Seaway Locks
1950s: US worried about the extent of their resources, starting to look to
o Cold War also a problem
o Canada could provide all that they needed: coal, oil, uranium, etc.
Walter Gordon: questioned how much Americans should have invested in
o American financial control could lead to American political control
o Americans had penetrated all aspects of the Canadian economy