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Lecture 8

lecture 8 - Keynesain

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Department
History
Course
History 2125F/G
Professor
Peter Krats
Semester
Fall

Description
Lecture 8 Keynesian Canada Big Business, Government and Labor Keynes in Charge • By 1945 no doubters that government will be supported • Government leading the way • No business men and academics • People living on great depression and world war 2 • The Road to the promised land • Consensus on more government • Issues of jurisdiction • Offering not imposing • Government everywhere • Cold War Defense Spending • NATO / NORAD • Infrastructure of all sorts • Even Urban Confidence – Vancouver 1947 “Liberal” programs – 1945 – 1955 • Liberal • Old age pensions • Equalization • Hospital insurance – enormous – social impact – if you don’t have this insurance you debate whether you go to the hospital or not • Start of education funding • Liberals loose election and John Diefenbaker and progressive conservative adds more programs Progressive Conservative 1955 - 1963 • A northern vision • More regional monies A.R.D.A – Agricultural – regional – development – assistance • D.R.E.E department of regional economic expansion – went to Maritimes 1963 – the Pearson Years • High point of Keynesian Canada • Canada pension plan – very long time entrepreneurs don’t get pensions • Old age pension wasn’t enough – starts to occur 1965 – onward • Universality – don’t make them universal those who don’t get them will complain • Canadian assistance – guaranteed income supplement – income doesn’t reach will get income topped up • Don’t leave people in positions in economic vulnerability • Medicare • Moneys for education / youth • 3 – 12000 by 1970 • Community colleges • Not limited to Ottawa • Building infrastructure • Social programs boost • Ontario – 22 points • Quebec – quiet Revolution – modern social welfare state secularization • Saskatchewan pioneers Health Coverage Public Sector Job / Wealth Creation • Community sees the need • Community gets money • Inputs labor capital services • 5 percent of GDP is public investment Paying For Old Bills and For Programmes • Economic Drivers Aplenty • Economic boom • Government spending • British need from WW2 • American want • Americans recognize they need raw materials Diefs Dip 1958 – 1962 • Diefenbaker’s regional ideas are very gradual • Consumers hit a wall – enough people have it • Short lived downturn • Government Stimulation / difficulties Sixties Successes? • Even
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