HIST 2500 Lecture 20: HIST 2500 - Next to an Elephant (Mar 2)
2 Mar 2017
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Key points: bretton woods agreement, north atlantic treaty organization (nato, general agreement on tariffs and trade (gatt, walter gordon, canada-us auto pact, third option, foreign investment review agency, north american air defense command (norad) Economy slow transitions from a war time to a peacetime economy. Key materials used in manufacturing were in short supply. Federal government took a more conservative approach after the war. 1945-59 tax cuts and government retraction. Try to preserve the value of currency. Establish rates that could help with rapid devaluation or currency. Fix their currency because u. s. fixed their currency. This created an economic playing field to begin their post war reconstruction. Import oil from u. s. or from over seas. Oil was expensive and hard to come by. Rise of the corporate suburb: 1946: canadian housing and mortgage corporation, 1954: national housing act, don mills, certain houses wouldn"t qualify for mortgage, all houses looked the same because they had to qualify for federal mortgage insurance.
