POLS 3125 Lecture Notes - Lecture 22: Ship Floodability, Blue-Collar Worker, Winnipeg General Strike
20 Dec 2017
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Document Summary
History of banking system: 2-financial brokers: facilitating the transfer of financial claims among units of economy. The growth in supply of government debt, chartered bank stock, railway bonds and other financial stocks led to the emergence of financial brokers. Government services: small size of government and a low level of government involvement in providing services characterized this era, federal revenue: from custom duties, provincial revenue: succession duties and corporation taxes, municipalities: property taxes and licensing fees. 1870-1918: part two: economic impacts of wwi (1914-1918). Background to world war i: a sharp decline in capital import, constraints on supply of labour, decline in the inflow of immigrants to canada. Increase in government expenditures: limitation on foreign borrowing left government with three options: domestic borrowing, taxation, and printing money, the beginning of imposing income taxes. Imb is nation"s largest employer: trends were similar in other areas: tent and sail-making, engines, boilers, steel, iron, explosives, plumbing equipment, etc.
