Political Science 2211E Lecture Notes - Lecture 9: Multiple Choice, Consumer Protection, Environmental Movement

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Led to economic nationalism: tariffs, capital controls, controls on immigration. Workers mobilize through growth of unions and socialist parties. Mainstream parties and business began to support more intervention. Never before seen regulation of business, social and labor regulations. Recognize unions, right to collective bargaining and right to strike. Boosted union power and pressure for more intervention. Struck down by courts for treading on provincial jurisdiction. Eventually canada followed us lead- mainly after wwii. Economic nationalism became political nationalism: germany, blamed jews for being in kahootz with financial community and taking money out of the country. Governments abandon gs to stimulate their economies. Reflected shift from free market to keynesian ideas. Key was need to prevent high unemployment. Capital controls: end of globalization: keep them in place, start enforcing them. Imf hort ter(cid:373) loa(cid:374)s to (cid:373)ai(cid:374)tai(cid:374) fixed rates, so there is(cid:374)"t a run on currency.

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