A wartime finance minister : the economic legacy of J.L. Ilsley / Colin Campbell.

Format:

Book

Author/Creator:

Campbell, Colin, 1944- author.

Series:

C.D. Howe series in Canadian political history

Language:

English

Subjects (All):

Ilsley, J. L. (James Lorimer), 1894-1967.

Ilsley, J. L.

Finance ministers--Canada--Biography.

Finance ministers.

World War, 1939-1945--Finance--Canada.

World War, 1939-1945.

Canada--Economic policy.

Canada.

Canada--Politics and government--1914-1945.

Physical Description:

xiv, 290 pages : illustrations ; 24 cm.

Place of Publication:

Vancouver : UBC Press, [2026]

Summary:

"J.L. Ilsley, federal finance minister from 1940 to 1946 and a central figure William Lyon Mackenzie King’s government, was responsible for financing the Canadian effort in the Second World War. To do so required public support for a transformation of the nation’s finances and democratization of the income tax system. A Wartime Finance Minister tells the story of Ilsley’s political and personal leadership in establishing the financial basis of the modern welfare state. When Mackenzie King reluctantly appointed Ilsley to the finance portfolio, Canada was committed to devoting all possible resources to the war. Between 1939 and 1943, federal spending and revenue increased tenfold, financed by borrowing from the public through Victory Bond campaigns and extending the income tax system to most of the working population, at sharply progressive rates. Agreements made with the provinces in 1941 became the foundation of modern federal–provincial fiscal relations. Ilsley tirelessly preached that the war required high but fair taxes, wage and price controls, and frugality, winning public confidence in the justness of the measures partly through his own example of self-sacrifice. As this compelling account of his life and career reveals, Ilsley’s promotion and defence of these policies, even at the cost of his own health, brought lasting benefit to Canada."-- Provided by publisher.

Contents:

Annapolis Valley Roots

Member of Parliament

Minister of National Revenue

Minister of Finance

Borrowing and the Victory Loans

Wage and Price Controls

Foreign Exchange and International Issues

The Conscription Crisis

The Postwar Fiscal Order and the Provinces

The Dominion-Provincial Conference, 1945–46

A “Broken Man”

The Chief Justice.

Notes:

Includes bibliographical references and index.

Other Format:

Online version: Campbell, Colin, 1944- Wartime finance minister.

ISBN:

9780774872928

0774872926

OCLC:

1552059886

Publisher Number:

90104678054