Political Science 2211E Lecture Notes - Lecture 11: Fixed Exchange-Rate System, Consumer Protection, Nazism
20 Dec 2015
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Led to the rise of economic nationalism protect the national economy: tariffs, capital controls, immigration controls, bennet: canada"s first end of economic globalization. Mainstream parties and businesses begin to support more intervention: compromise to avoid a revolution or election of ccf. Began with roosevelt"s new deal in the 1930s. Intervention policy: business regulation, labour regulations, social programs, job stimulus. Financial regulation through sec: securities and exchange commission how big banks can be, risks they can take etc. Deposit insurance through fdic: federal deposit insurance corporation: certain amount of money in banks is insured by the federal government to prevent bank runs. 1935 national labour act in usa: strengthened legitimacy of unions, companies has to officially recognize trade unions and their right to collective bargaining. Pc 1003 in canada similar to act in 1944: recognized unions, collective bargaining and right to strike, boosted union power and pressure for more intervention.
