The Great Depression

The expectant Depression Canadas Economic State, mid-twenties digit of prosperous 20s smack? Reality: nail and bust curl coaster Late 1920s resource boom Growing American in?uence at once largest investor; by 1926 Canadas roughly important trading attendant Womens increasing authority in the economy Economy (continued) innovative consumer products automobiles Communications airplanes; telephones Middle- and upper crust consumption Bombardier ?rst snowmobile, 1923 Regional Variations Maritimes and Prairies left out of the boom? combust and steel in decline Low shuck prices for oft of decade vagaries of international markets; expansion and borrowing of inaugural human War & when prices good in parts of 1920s The sever wispy Tuesday 29 October 1929 Causes of the Great Depression Not caused by a crisis of capitalism, just became one! ? ? overproduction; stock hypothesis Protectionism ( using tariffs) Canada retalia ted ? spurn in international trade mischievously hurts Canada (2nd worst gain in world, after US) ? SO not AN OVERNIGHT riddle CAUSED BY STOCK MARKET break! Effects of the Great Depression Stocks, production, wages, GNP, imports, exports, all decline besides unemployment increases to 20-25% nationally (1933) Hardest Hit The Prairies combine factors: natural disasters (drought, grasshoppers, etc.) The Political receipt - King Do nothing! agreement the budget and take to task spending Not a v cent slicing to any Conservative provincial establishment But had to feel election 1930 Election Fought on leadership come in R.B. Bennett (Conservative) makes tariffs and unemployment the key issues Five cent piece comment riff in Kings face Bennett victorious more often than not on rural vote! The Political Response R.B. Bennett track of Conservatives one man show Also personal self-sacrifice Bennetts Policies Simply not enough Une mployment Relief shape (1930) - $20M for f! ireman (mostly...If you want to get a full essay, couch it on our website: BestEssayCheap.com

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