Business and economy in Canada during the 1950s?

Answer 1

In 1950 the Liberals controlled Canadian Politics. Liberals kept power because they could adapt. Conservative government was overconfident because of majority. By the 1960's, provinces were gaining more power, BNA act says provinces should? For ten years the phenomenal growth rate surged and its affects were felt into the 21st century. The average Canadian living wage skyrocketed and the labour market tightened. It was an age of mega-projects like the St. Lawrence Seaway and Trans-Continental Pipeline and of another war, this time in Korea. Politics were dominated by Louis St. Laurent, Lester Pearson, John Diefenbaker and Maurice Duplessis. It was the decade of the cold war, bomb shelters, bomarc missiles, Suez Crisis and the Avro Arrow. It was also the decade of Sputnik; Khruschev and Castro. The 1950's also saw the onset of television, the formation of the CBC, stars like Wayne and Shuster, Don Messer and Elvis Presley and Rock and Roll. Through it all the specter of Nuclear War was constantly present. The 1950's saw a Baby Boom in Canada that has never been repeated. It was a time of building in Canada. There were a number of megaprojects in the 1950's including the St. Lawrence Seaway. Lester Pearson set the stage for Canada's role as a peace-keeper with his efforts to end the Suez Crisis. His work was rewarded with his winning the Nobel Peace Prize. Industrial Production in Canada was amazing through much of the decade. It was a time of building. The effects of this boom would be felt into the 21st century. The Cold War and the threat of Nuclear War overshadowed the economic prosperity of the 1950's. Many Canadians built fallout shelters in the hope of surviving a nuclear war.