LABRST 1A03 Study Guide - Final Guide: Rand Formula, Second Industrial Revolution, War Bond
17 Dec 2013
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Post wwii domestic demand demand was high and so was inflation. Victory bonds - the canadian government sold victory bonds to canadian citizens, private corporations and various organizations in order to raise funds to pay for the war. The bonds were a loan to the government that could be redeemed with interest after 5,10, or 20 years and were released during 5 different campaigns between 1915 and 1919. In 1915 a hundred million dollar"s worth of victory bonds was issued and quickly purchased. People were encouraged to buy these bonds to help win the war . Keynesianism - the economic theories of john maynard keynes (1883-1946), english economist, and his advocates, especially his emphasis upon deficit spending by government to stimulate business investment. It is the view that in the short run, especially during recessions, economic output is strongly influenced by aggregate demand (total spending in the economy).
