ADMS 1010 Lecture Notes - John Maynard Keynes, Deficit Spending, Brian Mulroney

• School: York University
• Department: Administrative Studies
• Course: ADMS 1010
• Professor: All

Document Summary

Lecture 5 the government in the economy june 7 2012. The great depression brings previously unheard of economic despair to canada. Due to our reliance on exports, agriculture and manufacturing, the great. Depression hurt canada more than most other countries. The great depression changed the view of state intervention into the economy. Ultimately, it was decided that the marketplace could not correct itself. It was up to government intervention to kick-start the economic recovery. John maynard keynes" theories become prevalent in canada starting in world. The government needed to take an activist role in the economy by increasing. Creating crown corporations and growing the size of government was just one spending and reducing tax rates. way to achieve this. We recall that the rise of the public service was created out of the demands of easing the great depression. The idea that government could solve every problem from unemployment to socialized medicine.