SOSC 1000 Lecture Notes - Bretton Woods System, Post-Fordism, International Monetary Fund
10 Jun 2013
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Document Summary
Post war compromise (pwc: fordism stability to working class industrial & government relations, keynesian economic growth government policy main st, welfare citizenship political, social rights, social safety net. Investment remains private: full employment, social safety net not dependent on employer, rights for labour. Imf (international monetary fund) short-term loans: world bank, gatt (general agreement on tariffs and trade, fixed exchange rates based around us dollar ( per oz. of gold) Oil crisis, profits decrease american capital faces serious problems. 1971 nixon shocks (in response: 10% tariff on whatever enters usa, value of american dollar no longer linked to gold, but determined by supply and demand. Batch and niche productions to anticipate demand (scope) Marketing a brand statement of your life, quality is second thought. Stage of capitalism based on mass production of industrial goods through regimented control of workers with a high degree of division of labour.
