How
did the government of Quebec intervene in the economic sector
during the Quiet Revolution ?
The government of Quebec felt that the economy should be controlled
either
through direct or indirect state intervention
and action. As a result, throughout the period
of the Quiet Revolution, the government of Quebec created
a number of government
Crown Corporations whose purpose it
was to develop Quebec's economy and expertise.
These included:
|
Société générale
de financement (SGF) which promotes investment in Quebec
companies. |
SIDBEC which attempted
to develop the steel industry in Quebec. |
|
|
SOQUEM which encouraged
the development of mining in Quebec. |
Caisse de dépot et de
placement which manages the government's pension, automobile
and workers' compensation funds. Today, it has approximately 60 billion
dollars in assets. |
|
|
Nationalization (government purchase or takeover)
of seven of Quebec's largest private hydro-electric companies into Hydro-Québec
six
months after the elections of 1962 under the Minister of Natural Resources,
Réne Lévesque. |
|
Try the following questions on Quebec's
Quiet Revolution.