Political Science 2211E Lecture Notes - Lecture 9: Environmental Movement, Multiple Choice, Consumer Protection
20 Dec 2017
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Document Summary
Great depression: raised interest rates to defend currencies, no bank bailouts, austerity instead of stabilizers or stimulus, trade protectionism, smoot hawley, led to massive unemployment. Political implications: undermined support for free market ideas, undermined trade and globalization, led to economic nationalism, tariffs, capital controls, controls on immigration. Political implications of the great depression: growing demands for government intervention, workers mobilize through growth of unions and socialist parties, mainstream parties and business began to support more intervention. New deal: sweeping reforms, never before seen regulation of business, social and labor regulations, alphabet soup of new agencies. Labor regulation: 1935 national labor relations act, pc 1003 in canada, recognize unions, right to collective bargaining and right to strike, boosted union power and pressure for more intervention. Social programs and jobs stimulus: progressive taxation, 1935 social security act in us, pensions, employment insurance, welfare, disability support.
