HIST 203 Lecture Notes - Lecture 12: Africville, General Agreement On Tariffs And Trade, Baby Boomers
8 May 2017
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Government had to meet needs and desires of people. Veterans were back by 1946 and the military was pared down. During the war, howe had helped transition businesses with tax cuts into peacetime production. Government sensed that after the war, trade was needed. Sought british markets by offering further financial aid to quasi-bankrupt britain. 1943 set up the wheat board monopoly which offered preferential prices to britain and secured markets. Capital investments in plants and equipment made a difference. Domestic consumption drove most of this, especially durable goods. Welfare state, taxes, and big spending centralized powers. 1950s saw a decline in the significance of agriculture vis- -vis rural areas. Rural out migration occurred as modern management and technology powered more efficient, more productive farming. Rise of a prosperous working class moving towards middle class status. Ethnic groups also moved to the suburbs in the 1950s. Sustained by better transportation, including bus routes and cars.
