The Great Depression + Challenging Capitalism

Question 1

Describe the stock market crash

Answer 1

• 1929
• panic spread and investors tried to sell their stocks
• American factories stopped buying Canadian raw materials
• Canadian business stopped selling to the US
• the unemployment rate soared

Question 2

What consequence did the Great Depression have?

Answer 2

• canadian export dropped by 50%

Question 3

Describe the «back to the land» policy?

Answer 3

• supported by the clergy and French Canadian nationalists
• 1935
• solution to counter the unemployment and poverty caused by the Great Depression
• to settle remote regions such as Abitibi

Question 4

What did the government do in the 1930s to help the unemployment caused by the Great Depression?

Answer 4

• return to the land policy
• public works programs (creat jobs)
• direct relief (financial assistance)
• founding of the bank of Canada
• office du credit agricole (gave low interest loans to farmers)

Question 5

What is keynesianism?

Answer 5

idea that the state should intervene in economic cycles to ease irregularities and better prevent economic slowdowns

Question 6

Describe the Union Nationale

Answer 6

• 1936

- election if Maurice Duplessis as premier of Quebec

Question 7

How did Duplessis try to curb the effects of the Depression?

Answer 7

• by promoting a rural way of life for French Canadians
• passed several anti-union laws
• did not hesitate to call the police during labour disputes

Question 8

What effects did the Great Depression have on politics?

Answer 8

• it led to profound questioning of the existing system

- political parties that challenged capitalism or democracy proposed major societal changes