unit 2 1930s Flashcards
reasons of the depressions
stock market crash
overproduction
canada’s reliance on exporting staple products
dependence on the USA
economic protection and tariffs
international debt after WWI
recession
decline in the economy
lower levels of employment
low levels of production
depressions
severe economy decline
high unemployment
long period of time
recovery
when an economy recovers from a recession
prosparity
AN ECONOMIC STATE OF GROWTH
high profits
full employment
deficit
government spends more than it makes
aka debt
inflation
prices increase
supply and demand
supply is the amount of goods
demand is the desire of the goods
high supply when demand is high
laissez faire
belief that the government should not intervene in economic affairs
riding the rails
travelling the country hopping on and off trains in search of work
causing hobo jungles
dust bowl
praries were hit hard during the depression
high climate = drought = dust
grasshoppers thrived
prairie farm rehabilitation administration act
helped farmers build irrigation systems and reservoirs to avoid future dust bowls
pogey/dole
food stamps
similar to welfare
PM king said depressions was ….
a provincial/municipal problem
due to PM king’s response RB bennett
a conservative millionaire lawyer won
RB bennett’s response to the depression
20 million to provinces for work creation programs
unemployment relief camps (worst than jail conditions and men did labour for cheap pay)
raise tariffs
in 1935 canadians felt..
that the government would play a larger role in the public’s lives like the communism societies
RB bennett’s New Deal
progressive taxation max hours in a work week minimal wage strong regulations and working conditions employment insurance health and accident insurance old age pension plan agricultural support
aka social safety net
canadians reaction to RB bennett’s New Deal
too little too late
1935 men left the BC interior work camps –> vancouver = relief camp workers union
canadians reaction to RB bennett’s New Deal
ottawa trek
relief camp workers union went on freight trains to ottowa for real jobs and work with wages
RCMP stopped them in regina and only the leaders went to ottowa
canadians reaction to RB bennett’s New Deal
ottawa trek
regina riot
3 hour fight
one RCMP was beaten to death
1935 king won the federal election
CCF and their leader
socialist
Cooperative Commonwealth Federation
leader: JS Woodsworth
includes farmers labourers socialists intellectuals discontented liberals
CCF’s regina manifesto
public ownership of industries
support of social programs
money spent on public works to form jobs
forerunner to the NDP
in alberta = SOCIAL CREDIT PARTY
capitalism = wasteful economic system which hoard money and prevented customers from buying abundant goods
william aberhart (bible bill) was the leader
promis 25$ a month to buy necessities
Rowell-Sirois commission
federal gov’t control taxes
poorer provinces = equalization payment to ensure uniform living across canada
