MGMT 1030 Lecture Notes - Lecture 10: Gilded Age, Michael Milken, Newcastle, New Brunswick
20 Jul 2016
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Document Summary
Max aitken and the nature of finance capitalism. Scandalous life, rebel, loved and hated took over express newspaper. Max moved from newcastle, new brunswick then to halifax then montreal then to london but everywhere he went it was to small for him. His wealth let him get into politics before wwi. Made mergers in canada made millions and dipset to london. Tried to change his image but it was too late, the public hated him. Got few defenders that stated that the monopolies that he created by mergers. Seen as a goon and thief was only temporary. Boom was after wwi when wilfred laurier was pm thus the name. Gilded age: long cycle of inflationary growth in spreading the optimism. Boom was a product of a huge investment in the infrastructure + the rapid growth made the boom. Growing population + less movement of citizens= 2. 2% over usa real gnp.
