The Interwar Years of Canada 2

The Interwar Years of Canada 2
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  • 5.
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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.
  • 7.
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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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