HIS 1111 Lecture Notes - Lecture 5: Liberal Democracy, Marshall Plan, Total War
14 Dec 2018
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Document Summary
Impetus of the peoples" war (1941 - 1945) State mobilization and fair share principle: atlantic dream: sacrifices and suffering of ordinary people galvanized population around peace and prosperity ideal, the psychological drain from "total war" and thirst for security vs freedom. Loosening of social roles and traditional mores made people more willing to challenge traditional assumptions and explore more radical reform. Fdr"s new deal (1933: britain"s beveridge report (1942, russian state socialism, 1945 churchill"s ouster. State managed war economies: still popular, churchill was deemed unfit to win the peace. The wester european welfare state, in its various manifestations, represented a middle path between two extremes: laissez-faire capitalism and state socialism. Formula for social democracy (1945 - 1968: keynesian economics, capitalism is fundamentally unstable, states can regulate market swings, macro-economic tool box, nationalization of strategic industries. Full employment goal: mixed economy, private property. Small and medium enterprises: britain"s 1947 universal healthcare, educational opportunities, public housing projects.
