LABRST 1C03 Lecture Notes - Rand Formula, Fordism, Neoliberalism
1 Apr 2013
School
Department
Course
Professor
Document Summary
A global economic downturn starting in 1929 lasting until the second world war. Increased labour militancy ushered in a whole host of social reforms in the. The adoption of keynesian economic policies such as stimulating demand through short term deficits. British economist whose ideas begin to gain traction during the great depression. Believed the only way to save capitalism was for governments to intervene during economic downturns and stimulate effective demands. The government should be creating the conditions for full employment by running deficit. The marriage of a system of mass consumption and mass production. The treaty of detroit and the rand formula. Sustained record high profit rates in north america from the end of world. War ii to the beginning of the 1970s. Women and racialized communities were largely excluded. Overproduction and over accumulation by the early 1970s. A massive social upheaval across most of the world in the late 1960s.
