LABRST 1A03 Lecture Notes - Lecture 3: Factory Acts, International Telecommunication Union, Classical Liberalism
16 Oct 2017
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Document Summary
In a political and economic world, liberal ideology was the dominant way of thinking (started mid 19th century and still is). With classic liberalism, society is then more prosperous and fair. When it comes to economy, liberals wanted a free market, people being free to buy and sell. This way, people would be motivated to work harder. Classic liberal model: no interference in free market, government should stay out of the way. Example of classic liberalism: george brown. (not all in the liberal party are classical liberals . ) His great rival was sir a. john mcdonald who was also a liberal who believed in free market but thought government should intervene. Classic liberal approach (george brown): free trade is more opportunity. A tari is a protective trade policy where you add tax and can make items in other countries for cheap and sell them for more. Tari debate: no work, no money and no protection with free trade.
