Inter war period knowledge Flashcards
Socialist
A believer in a political and economic system in which the means of production and distribution are publicly owned
Collective bargaining
Negotiation of a contract between unions and management regarding such things as wages and working.
CCF
Cooperative Commonwealth Federation was founded by J.S Woodworth.
Coalition government
This type of government happens when political parties cooperate to form a government.
Why was the statute of Westminster significant to Canada’s history?
The statute of Westminster was passed in 1931 by the British government. This was significant because the British empire was turned into the British commonwealth. This meant that Canada was now a country with equal status as Britain.
Materialism
Many people “bought into” the idea that money could bring happiness.
-Great interest in the lives of the rich.
Stock market boom
Americans invested in Canada through the stock market.
-America becomes the biggest foreign investor in Canada
New York Stock Market Crash
-Speculation, corruption, lack of regulation, and panic all contributed to the mass selling of stock on this day causing stock values to plummet.
Depression
A period during which business, employment, and stock market values decline or remain at a low level of activity.
Prairie drought
An abundance of soil erosion is caused by overplowing very dry weather and the lack of grasshoppers.
Social credit party
- Started in Alberta by a radio evangelist, William Aberhart.
- Supported giving each person $25 and then the economy would grow.
- Felt that the banks were the main reason why the depression was continuing.
Relief camps
Camps that helped the unemployed. The union leaders of these camps decided to take their complaints to Ottawa.
Franklin Roosevelt
An American and politician who served as the 32nd president of America. He created numerous public work programs.
Laissez-faire
A policy for North American governments to keep their involvement in the economy to a minimum.
What factors contributed to the depression?
The collapse of the stock market was the beginning of the depression. On October 29, the New York stock market collapsed, followed by the Toronto and Montreal stock markets. Some people went bankrupt in a single day because they borrowed heavily to buy stocks. Another factor that contributed to the depression was in 1927 when the price of wheat began to fall. This was because of overproduction.
Why did Mackenzie King lose the 1930 election?
Prime minister Mackenzie king lost the 1930 election because he was totally unprepared to deal with a crisis on the scale of the depression. He lost the 1930 election because of his attitude and his failed attempt to understand that employment was a big issue in Canada.
What kind of programs did R.B Bennett propose?
The main program that R.B Bennett was work camps that paid men 20 cents per day. He also gave $20 million to the provinces for the work-creation program.
What kind of party was the CCF?
The party Cooperative Commonwealth Federation was led by J.S. Woodworth. This was was a socialist party and it supported public ownership of key industries.
What did the Rowell-Sirois recommend?
The Rowell-Sirois Commission recommended that the federal government have more control over taxation, social programs, and they wanted to create the equalization program.
Communism
A social economic theory that property and production and distribution of goods and services should be owned by the public, and the labour force organized for the benefit of all
Benito Mussolini
A leader in Italy who created a fascist government. Other leaders in other countries soon began to follow Benito’s system.
Totalitarian state
Every aspect of people’s lives are controlled by the government.
Nazim
The national socialist German workers’ party lead by Hitler. The Nazi party claimed that they had the solutions to bring Germany out of the Depression and make it a great nation again.
“der fuhrer”
A nickname for Hitler. Hitler became known as der fuhrer which means “the leader”.
