The Interwar Years of Canada 2
Storyboard Text
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- On Tuesday , October 29, 1929, the New York Stock Exchange collapsed. All that people wanted to do is sell, so over 23 million shares changed hands.
- This could have been avoided because people shouldn't have invested in this market.
- Also, after the World War 1, nobody wanted wheat because it was found really easily. It was being produced more than sold.
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- Canada had close economic ties to the U.S. It relied on the U.S. because they were the largest business and investors.
- The U.S. imposed tariffs to protect itself. Other countries also imposed tariffs and the world trade was decreasing which resulted in fewer exports from Canada.
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- Canada was not effective in helping it's citizens during the depression because all the people were unemployed and they later became homeless.
- Prime Minister Mackenzie King was unprepared to deal with a crisis about Depression. King failed to understand that unemployment was a major issue for Canadians.
- In 1931, the Canadian government banned the Communist Party and arrested several of its leaders.
- The federal government decided to create work camps for unemployed, single men.
- In B.C. the provincial government had already established work camps, and these were absorbed into the federal ones.
- During the Interwar phase, Canada experienced lots of ups and downs economically, socially, and politically.
- Overall, Canada had a well rounded positive experience in economic, social, and political fields.
- By: Sushane Gupta
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