By Bryan Palmer

Rebellious formative years, the chilly conflict, New Left radicalism, Pierre Trudeau, purple strength, Quebec's demand Revolution, Marshall McLuhan: those are only many of the significant forces and figures that are evoked on the slightest point out of the Nineteen Sixties in Canada. targeting the key pursuits and personalities of the time, in addition to the lasting impact of the interval, Canada's 1960s examines the legacy of this rebellious decade's impression on modern notions of Canadian identification. Bryan D. Palmer demonstrates how after giant postwar immigration, new political events, and every now and then violent protest, Canada may well not be considered within the previous methods. nationwide id, lengthy rooted in notions of Canada as a white settler Dominion of the North, marked profoundly through its origins as a part of the British Empire, had develop into unsettled.

Concerned with how Canadians entered the Sixties quite safe of their nationwide identities, Palmer explores the forces that contributed to the post-1970 uncertainty approximately what it's to be Canadian. Tracing the importance of dissent and upheaval between formative years, exchange unionists, college scholars, local peoples, and Quebecois, Palmer indicates how the Sixties ended the entrenched, nineteenth-century notions of Canada. The irony of this rebellious period, even though, used to be that whereas it promised loads within the approach of swap, it didn't offer a brand new realizing of Canadian nationwide identity.

A compelling and hugely obtainable paintings of interpretive background, Canada's 1960s is the booklet of the last decade approximately an period many regard because the so much turbulent and important because the years of the nice melancholy and global conflict II.

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Sample text

S. S. S. S. dollar with universal and large devaluations (from 30 to 9 per cent), and in 1949 the Canadian dollar was devalued to Second World War levels. S. investment soared. The flood of American dollars into Canadian reserves, and the resulting speculative mania fed by the view that the Canadian dollar had been pegged too low, impaled the state on a particular dilemma. American investment capital was short-term and fickle. It could flee the country if conditions – domestically or internationally – changed.

S. dollar reserves had been sold by Canada’s Exchange Fund to prevent too sharp a fall in the exchange rate. S. Canada had spent almost half a billion dollars of its reserves, 25 per cent of its total holdings, between October 1961 and May 1962, to keep the sagging dollar afloat. 25 billion, a figure some Tory cabinet ministers regarded as menacing. All of this began to register with an increasingly irate IMF, and above all with the powerful Americans. Barron’s and The Economist wagged their disapproving fingers at a Canadian state that refused to follow the rules and establish a fixed rate of exchange all the while running deficits and manipulating the value of its currency.

Until the financial collapse of the Great Depression plunged the advanced capitalist nations of the world into economic uncertainty and fiscal chaos, most modern nineteenth- and twentieth-century currencies were issued in ways that related to what came to be known as the international gold standard. Under this system, national states tied their circulating money to a guarantee to buy and sell gold at a fixed price. This supposedly ensured a measure of stability in the value of money, facilitating the liberal movement of capital.

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