20s and 30s Flashcards
what is a branch plant
us factories in canada to make for canadian market
pros and cons of branch plants
jobs, investment in canadian infrastructure, profits go to US, canadian autonomy undermined
william lyon mackenzie king
takes liber party after dead laurier, good compromiser (doesn’t take sides)
arthur meighen
takes conservative party after borden resigns
progressive party
prairie based party frustrated with central canada
1925 election
king makes a coalition party to boot out meighen after getting less votes
byng king crisis
liberals caught in corruption, king asks byng for election, byng asks meighen to be pm, meighen falls in 3 days, king accuses byng of taking orders from london
hunter-gatherer economy
hunt gather and share everything
agrarian feudalism
bottom 90% work to keep 10% well happy
industrial capitalism economy
poeple with money exploit people without money, profiting
communism
state exploits labour of everyone, public ownership & equality sort of
what causes an economy to shrink
people spend less, businesses make less & lay people off, people with jobs can’t spend…
4 causes of the great depression
buying on credit, overproduction, layoffs, low standard of living
government response to start of great depression
laissez-faire because most of the time governments made it worse
r. b. bennet
beat king and wanted to raise tariffs, and spend on building, epic fail. then he tried a canadian new deal but it was lame
New Deal
roosevelt to put government into debt and build things, bringing US out of depression, and it worked
cooperative commonwealth confederation
j j woodsworth, supported private property but big things should be owned by the government
social credit party
william aberhart, wanted to give $25 to every adult every month, federally vetoed
union nationale
maurice duplessis, quebec party promising higher wages, government owned hydroelectricity, had corruption
communist party
tim buck, wanted to overthrow government, blamed capitalism, arrested & imprisoned
persons case
supreme court ruled that women were not persons based on the BNA so could not be in the senate
initiated by famous five 1929
1920s americanization of canadian economy
american investment in canada increased, branch plants established due to tariffs
canadian art and culture 1920s
group of seven, bluenose (boat racing), sports expanding to the US (NHL)
cultures that emerged in the 1920s
jazz, dancing, flappers
20s new tech
radio, cars, flight improvements
on to ottawa trek
1935
relief camp workers went on strike and went on trains to ottawa to protest bennett, government feared communist revolution so stopped it in regina
work relief camps
1932 established by bennett for unemployed that did useless work for 20 cents per day, really due to communism
st louis incident
1939 MS st louis with 907 jewish refugees got denied
inflation cycle
more demand, more produce, more hires…
recession cycle
less money, less demand, less production, less profit, layoffs…
economic growth cycle
more jobs, more money, more demand, more production, more profit..
when was the stock market crash
October 28 1929