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World war 2 economy of Canada
The Great Depression in Canada
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On Tuesday October 29th 1929 the stock market crashed 15% to trigger to what we now know as the great depression. The depression hit canada hard, no one buying raw materials and all american factories located in Canada were shut down leaving the people of Canada unemployed, poor and hungry. The depression had forced people out of homes and into unemployment camps. Why did things come to this ? Prime Minister William Lyon Mackenzie King Believed unemployment is seasonal and refused to help while so many struggled. Then elected was Bennett a rich Lawyer who knew nothing about running a country resulting in many failed plans. To end all of Canada’s responses the government raised tariffs cutting us off from the world. Though the Canadian government may have tried their responses to the great depression were inadequate and failed to bring the canadian economy back. Image not knowing when your next meal could be if there even was one coming. This is how your average Canadian felt during the great depression. Chewing gum turned into alpha alpha, meat pies turned into gopher pies the whole standard of life was lowered during the depression. If you were an unemployed male you were not wanted anywhere and at the same time companies were laying off workers more often than they would pay their workers that is underpaying their workers. What was the government doing while all these people struggled you might ask ? It seemed like the government was doing nothing . Which is exactly what Prime minister King was doing , nothing. Lyon Mackenzie King Canada’s longest serving prime minister to this day, the man who help canada finish the war strong but decided to abide peoples need for help in the depression. King believed it was se... ... middle of paper ... ...als in a depression. Not to mention the tariffs cut us off from countries like England and USA who could of helped us recover quicker by making trades and building up each others economy. Raised Tariffs in the depression Like many ideas they look really good until they were put into play especially when nothing else is working. The tariffs put a stop to world trading to help support local but locals couldn't afford the products or just do not need the products therefore shutting down large parts of the canadian workforce leaving so many unemployed. In conclusion the evidence shows that the canadian government did an inadequate job of responding to the canadian citizens troubles during the great depression. Due to lack of effort and knowledge as well as shutting out international markets the canadian economy did nothing but suffer until the second world war.
During the 1930's in Prairie Canada, the Great Depression created harsh conditions and it was a struggle until it ended. The event which triggered the Great Depression was the Stock Market crash of October 24, 1929 in New York. Another important cause was that: Later in the 1930's, the wide adoption of the gold exchange in many countries was widely criticized as a great mistake which greatly contributed to the severity and length of the Great Depression. 1 In Canada, wheat, the most important export, was being over-produced around the world, despite the fact that the 1928 supply of wheat was still available in 1929.
Overall, the Great depression was a hard time for most Canadians, and the concept of unemployment insurance brought Canada to the world wide stage. Whether it is Prime Ministers opening relief programs, events which supported the upbringing of our country, the inventions which boosted our economy in giving us more trade, or the Depression in general, the whole period of time starting from the market crash to revival was the event which Canada showed the world that we are strong and not easily crushed. Therefore, the key event in this decade is the Great Depression and the acts towards it.
The result of the Second World War fundamentally changed Canada and its economy started booming. There are many reasons for this change and if you remember, World War I also made a big impact on the development of Canada. However, in the next few paragraphs I will talk about how Canada gained much more respect and autonomy from the Second World War than ever before and also the change from a country into an industrialized nation.
Canada suffered its longest and most terrible economic depression in its history between 1929 and 1939. It is now known as the Great Depression. This essay will demonstrate the major causes, political, economic and social consequences, and the government’s solutions from the Great Depression. The Great Depression affected all of Canada and is a key part of our history. It is important that we learn from it so we can prevent it from happening again.
"It is what we prevent, rather than what we do that counts most in Government." (Mackenzie King august 26, 1936) This statement sums up the best secrets of Mackenzie King's success as prime minister, and perhaps, the key to governing Canada effectively. King's record of prime minister is sometimes difficult to judge. He had no uninteresting images, he gave no repetitive speeches, and he champions no drastic stage. He is remembered for his easygoing, passive compromise and conciliation (Gregory, page 267). Yet Mackenzie King led Canada for a total of twenty-two years, through half the Depression and all of the Second World War. Like every other prime minister, he had to possess ambition, endurance and determination to become prime minister and, in spite if appearances, his accomplishments in that role required political acuity, decisiveness and faultless judgment.
The post-war time was a period where major changes were occurring. After being involved in two international conflicts, Canada was ready to reestablish their economy. During this time, Canada had started working on ways to become stronger and reputable. It is evident that Canada had matured through the post-war era. Canada’s economic progress left a positive impact on the growth of the country as consumerism became popular, and economic ties with America became stronger. Moreover, the removal of racial and ethical barriers contributed to Canadian social affairs such as the huge wave of immigration and the baby boom. The Canadian government also had become more aware and involved in issues impacting Canadian citizens. Canada as a whole started identifying itself as an independent nation and participating in events that brought a positive reputation amongst them. These economical, social, and legal changes helped Canada mature into the country it is today.
The government has truly been molding Canada into the wonderful country that it is today. Whether the changes have been good or bad, the government has always been trying their best to solve problems such as takes high income, racism, and making sure that Canada is seen as the cleanest and economically friendly place that it is today. However, Pierre Elliot Trudeau was unique and impacted Canadians in a positive way. He was an intelligent, and strategic man, when dealing with many different types of crisis’s, such as the economic crisis. Always put his citizens before himself, and felt that everyone should be treated equally with their own individual rights. Obviously, without Pierre Trudeau,
It began to unfold on 24th October 1929, Black Tuesday. It was when the value of the New York Stock Market fell dramatically, the Great Depression was a time when Canadians suffered groundbreaking levels of poverty due to unemployment. The employment rate went up to 30%, the highest it's ever been. “On Wall Street, 16.4 million shares were sold, almost 4 million more than Black Thursday’s unprecedented totals.” (Historica Canada). This dread spread to Toronto's markets, resulting in the suffering of municipal and provincial government as the extent and duration of unemployment during these years rapidly exhausted the ability of the government. The 10-year depression led to many lives lost through homelessness, starvation, etc. Most people lost their jobs leaving them and their family to die or live off of vouchers which were used to get food and water. The government had to do a lot to cope with these challenges. Private relief like charities, church groups, soup kitchens was developed to provide the people with second-hand clothes, food donations, and homeless shelters. At this point, a lot of people suffered mentally and physically, they were desperate for the great depression to end. Another thing the government developed was emergency relief, they made vouchers that you could trade in for food. A lot of people were forced to use this but there weren't enough vouchers and neither did they solve
Mackenzie King was the longest serving Prime Minister of Canada (Neatby, 2005). For many King was a great and effective Prime Minister. But for others, he was ineffective due to his “5 cent speech”, racist behavior and lastly for his strong spiritual beliefs. Therefore this makes William Lyon Mackenzie King to be an ineffective Prime Minister of Canada from the years 1921-1929.
Canadians were frustrating, wonderful, and hard. Soldiers returning from the war expected jobs, but were faced with unemployment, inflation and strikes. Inflation had doubled the cost of living where wages had not and those fortunate to be employed still faced immense financial difficulty. Many people joined unions for better pay and working conditions, 1919 saw the most strikes at a staggering three hundred and six, people were angry and discontented. The 1920s were a time of crime corruption and extreme poverty, yet by mid era difficult conditions began to improve. Foreign investors gained confidence in Canada and as a result new industries were developed, The twenties really did 'roar' and with this boom of change Canada underwent the transformation that was the gateway to the future.
The US government’s role in the Great Depression has been very controversy. Different hypothesizes argued differently on the causes of the Great depression and whether the New Deal introduced by the government and President Roosevelt helped United States got out of the depression. I would argue that even though not the only factor, the US government did lead the country into the Great Depression and the New Deal actually delayed the recovery process. I will discuss five different factors (stock market crash, bank failure, tariff and tax cut, consumer spending and agriculture) that are commonly accepted to cause the depression and how the government linked to them. Furthermore, I will try to show how the government prolonged the depression in the United States by introducing the New Deal.
This was the start of the immense trading world between Canada and the USA. Before World War I, Canada and the United States were not as closely related in trading. At that time, the USA had 39.8 million people, about 10 times the amount of people in Canada which was only 3.7 million . Canada would export fisheries, lumber and agricultural products while from the USA, Canada would import manufactured products. However, Britain was Canada’s main trading ally before WW1 as Canada was still under the British rule. Canada’s economy along with the United States’ started to plummet with the rise of tariffs and debt which ultimately led to The Stock Market Crash of 1929 and the Great Depression in 1929 until 1939. As a result, the trade with the US and Canada exceeded the Canadian marketing with Britain. At that point, Canada’s closest trading partner was the USA because they are close to one another
During 1920s, King back to the scene as Prime Minister, industries were booming across the country, however, the boom short lived. In 1929, Economic Depression erupted after the crash in stock market. Thousands of people lost jobs, unemployment rate skyrocket. As depression eased, the militancy of workers increased. In 1937, workers won their first union recognition by General Motors, the auto workers in Oshawa. King’s government began promoting labour management cooperation committee, and produced films supporting this
It all started in 1929 when there was market crash which is what started the Great Depression. During the Great Depression the proper roles began to change especially for women. Role changes became normal for women during this time period. They were beginning to cope with economic changes as well as having to adapt to them. This was a life changing time period for the women.
Trying to explain my depression is like trying to swim across the San Francisco Bay from Alcatraz in the shark infested water; if Alcatraz were my mind and the water were boiling tar, pulling me further and further down until the black gunk filled my lungs and stung my eyes. After so many pointless attempts of struggling, I eventually give up and let my body slowly sink to the bottom, letting the tar consume me and soon enough, no one remember the real me, only the black swamp that I have recluded in. This is what is left of me by then: The girl that once was is now suppressed by the demons that my friends and family have long come to know. But I am still in here somewhere, right?