HIST 2500 Lecture Notes - Lecture 20: Nato, Foreign Investment Review Agency, International Monetary Fund
2 Mar 2017
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Document Summary
General agreement on tariffs and trade (gatt) Canada was expecting to have another depression in the 1940s, but instead they experienced a period of economic growth from 1945 to the early 1970s. Marshall plan: a us plan to provide goods and credit to aid the reconstruction of. Europe- canada and us would benefit in part because their goods could be incorporated in this program (getting contracts). Limited supply of steel- often imported from us. Material shortages led to an increase of demand for new consumer products. Nobody could buy a car in the 1940s because of this material shortage. Canadians eventually got access to a lot of consumer goods that enhanced their lives and made their lives easier (ex: stoves, refrigerators, vacuums, televisions) To reduce the size of the federal budget and spending. Effect was to stabilize global currencies by fixing their value to the value of the. Canada rebuilds economy after the 2nd world war.
