Unit 3: Inter War Period Flashcards
What is the liberals approach and who is there leader?
Balanced approach to government issues and spending. Lyon Mackenzie King was the prime minister from 1921-26, 1926-30, 1935-48. He lost in 1930 because he lost the election as he couldn’t deal with the oppressions and made a comment that offended provinces who were effected by the depression.
What is the conservatives approach and who is there leader?
Gave money to provinces to create work programs, create work/relief camps, raised tariffs and helped establish CBC to counter US’s influence on Canada. R. B. Bennet was the prime minister from 1930-35, created a new deal similar to president Roosevelt in the US. The deal offered more support from farmers, more reforms to old age security, workplace conditions, min wage and work hours, supported tax reforms (wealthy pay more) and insurance for workers against injury/illness.
What is the progressive party approach and who is the leader?
Was created in 1919, was a voice for western, rural based issues (free trade, lower freight charges, etc). Thomas Crerar was the prime minister.
What is the cooperative commonwealth federation (CCF)s approach and who is the leader?
Socialist party that believed in social programs and public ownership and outlined in regional Manifesto. CCF turned to NDP. J.S. Woodsworth was the prime minister.
What is the social credit party approach and who is the leader?
William “Bible Bill” Aberhart was a farmer charismatic preacher from Alberta, believed capitalism was falling and gov should give citizens a small amount of money to help economy.
What is the Union Nationale Partys approach and who is the leader?
They were nationalist who didn’t want English minority having control over economics in Quebec, supported by rural Quebeckers and catholic church. Maurice Duplessis was the prime minister.
What was black Thursday?
On Thursday October 24, 1929 the stock market began to crash as people began to sell stocks (price decreased)
What was black Teusday?
The following Tuesday after Thursday, sell off shares of tocks was worse as everyone were unloading stocks. Led to the crash and loss of life savings, bankruptcy, debt ridden and led to mass unemployment and slow down of economics.
What happened in the bust period?
Overproducing of consumer goods, overspending (debt or speculation) and/or no money to pay for stocks bought. Many stocks were bought on margin with a loan (10% down) and would pray it would rise. When margin call is made you either pay for stock owing or make profit.
What are the 3 major things that happened in the boom period?
1) Many inventions such as automobiles (mass production led to lower prices), telephones, radios and movies.
2) Artists became more popular such as Emily Carr (aboriginal culture and west coast landscape) and group of 7 (Canadian landscapes).
3) Canada had a lot of primary resources, led to America decreasing investment to Canada as Britain’s trade with Canada decreased. US built branch’s in Canada to avoid tariffs and extracted many raw marterials than shipped them south to be manufactured.
How did federalism effect Canada?
Ottawa battles different regions/provies and overpower what’s good for Canada as a whole instead of specific provinces.
How did regionalism effect Canada?
BC - Became a higher shipping power and wanted more political power
Prairies + Rural Ontario - wants free trade and abandons tariffs for cheaper US goods, issues are all rural based.
Quebec - Boom in manufacturing but they wanted to protect their resources, they were suspicious of the English leaders in Ottawa.
Maritimes - Continues to have less political power as population/business shifts west.
What were the 6 major causes of the great Depression?
1) Stock market crash
2) tariffs taxes
3) drought
4) inflation
5) debt
6) unemployment
What are 3 types of Economical systems and who is connected to each?
1) Command economics = communism
2) Mixed Economy = Canada/US
3) Laissez-Faire Economics = Capitalism and no government interference.
What were the 6 main responses from the government to the great depression?
1) work programs/new deals
2) RB Bennet gave money from his wallet
3) 20 cents a day at work camps and the workers protest
4) soup kitchens
5) created Canadian Wheat boards
6) Farm rehab act - irrigation