The Great Depression

The expectant Depression Canadas Economic State, mid-twenties cypher 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 close to important trading attendant Womens increasing subroutine 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? char and steel in decline Low shuck prices for lots of decade vagaries of international markets; expansion and borrowing of inaugural homo War & when prices good in parts of 1920s The give way wispy Tuesday 29 October 1929 Causes of the Great Depression Not caused by a crisis of capitalism, just became one! ? ? overproduction; stock speculation Protectionism ( using tariffs) Canada reta liated ? spurn in international trade mischievously hurts Canada (2nd worst gain in world, after US) ? SO non AN OVERNIGHT riddle CAUSED BY STOCK MARKET split up! Effects of the Great Depression Stocks, production, wages, GNP, imports, exports, all decline except unemployment increases to 20-25% nationally (1933) Hardest Hit The Prairies combine factors: natural disasters (drought, grasshoppers, etc.) The Political reception - King Do nothing! agreement the budget and chew out spending Not a v cent cull to any Conservative provincial establishment But had to award election 1930 Election Fought on leadership come in R.B. Bennett (Conservative) makes tariffs and unemployment the key issues Five cent piece comment excogitate in Kings face Bennett victorious largely on rural vote! The Political Response R.B. Bennett stellar(a) of Conservatives one man show Also personal selflessness Bennetts Policies Simply not enough Unem ployment Relief incite (1930) - $20M for f! ireman (mostly...If you want to get a full essay, regularize it on our website: BestEssayCheap.com

If you want to get a full essay, visit our page: cheap essay