Bennett The New Deal

The Great Depression was a terrible point in Canadian history, and for most of the world. It was a point in time where thousands of people lost their jobs, and even lost their homes because of the depressed economy. Business was booming in the early 1920s, but when companies tried to expand, and therefore issued stocks, the economy was thrown off. Some investors sold their stocks for high prices, and as a result, everyone else followed. With less of a demand, stock prices became fractions of what they used to be, and on October 29, 1929, the New York Stock Exchange collapsed, followed by the Toronto and Montreal Stock exchanges. This collapse of the stock markets caused a depression like which the world had never seen before. It was

Most say the onset of the Great Depression was spurred on by the stock market crash. Although economists don’t think that it was the only reason for Canada being in such a terrible state. In the 20s, people had, in their spending frenzy, bought large quantities of stock though credit, stock that they could not afford. People owed money to businesses and banks, and accumulated debts that they couldn’t pay off. In 1929, when it came time to pay, they didn’t have the money, and profits dropped drastically. The values of the stock became completely worthless. With no money and no jobs, people had to leave their homes either because they couldn’t pay for them, or they moved to search for a job.

The Great Depression also is known as the Dirty Thirties happened in the 1930s. It left Canada and the world in shock. Millions of Canadians were without jobs, and many became homeless. Countries across the world were affected by the Depression, such as the U.S.A. The USA was hit the hard which affected Canada. USA rely on Canada for fish and wheat when the U.S economy goes down Canada suffers. The U.S didn’t buy any more fish,wheat,minerals,pulp and paper from Canada. Many countries put high tariffs on goods,trading slowed down,people had to pay back their credit money they had borrowed from the government.Farmers were hit the hardest in Canada because if you could not pay for the land you would get evacuated. Droughts and grasshoppers infection started to happen which brought more suffering. Meat prices went up,some stores were closed down,Immigrant dropped 90% violence and crime went up. Men that didn’t have houses were sent to reliefs camps,the military setup 20 000 men to work sometimes works was useful,other times they would make work projects. They got 3 daily meals, work clothes,medical care, and 20 cents a day.The men would work 44 hours of cleaning brush,building roads,planting trees and constructing the public building.On April 1935, 500 men went on strike for better living conditions,more pay and fewer hours this has been just like the Winnipeg general strike. This depression made Canada what it is today,the economy is in better shape,people can find jobs and immigrants are taking over

Some solutions to the Great Depression are pogey, government controlled work camps, charities, and Bennett's new deal. The pogey gave people $19-60 a month for food vouchers depending on what province you were in, but in order to get the pogey, people had to wait in line for hours, then publicly declare their financial failure, swear that they did not own anything of value and prove that they were being evicted from their home. The government controlled work camps was another solution to the Great Depression. The Government created a system of unemployment relief camps, where in exchange for room-and-board, single men did physically demanding labour. The occupants did stuff like clearing bush, building roads, planting trees and constructing public buildings for 44 hours a week. Even though the occupants got three daily meals, work clothes, medical care and 20 cents a day, the conditions in the camp were very horrible, and created the On to Ottawa trek. On January 1935, Bennett introduced a Canadian version of the "New Deal", involving progressive income taxation, a minimum wage, a maximum number of working hours per week, unemployment insurance, health insurance, an expanded pension programme, and grants to farmers. His new deal would of been effective, but many Canadians did not find his New Deal as convincing as Americans found Roosevelt's. He was voted out of Prime minister before he could take any

This stock market crash led to the Great Depression for American markets and a New Deal coined by FDR where the government played a more direct hand in the government by creating public works to create jobs through the WPA according to Keynes General Theory of Employment. The New Deal welfare state for the unemployed and

It had already been 7 years since the Great Depression hit Canada on October 29, 1929. The economic shock that it caused led to unemployment for many Canadians. And with the draught happening in the Prairies many people, mainly farmers, had suffered. The Great Depression had hit many countries worldwide, but not many had suffered severely as Canada did.

The Great Depression was a time of great economic problems for all of Canada. By staying out of the situation with unemployment the federal government contributed to fiscal collapse in the four western provinces and hundreds of municipalities. From 1932 onward, Western provinces obtain status of being on the the brink of bankruptcy. Saskatchewan prices became the lowest ever in recorded history. Oil prices elevating made it hard to pay for gas that cars required. Cars regressed back into horses due to the affordability.

I think the most important cause of the Great Depression was Canada’s dependence on its primary products. Canada’s economy heavily relied on staples, products such as wheat, fish, minerals, pulp, and paper. These were Canada’s most significant imports because these were the goods that the world needed the most. The more countries that needed these products, the more Canada’s economy would flourish. However, the war caused a lot of countries to be in debt which meant that they didn’t have enough money to buy goods from Canadians. In turn, Canada’s economy collapsed and many people faced hardships in Canada, especially those in the Maritimes. The Depression caused the prices of Canada’s goods to drop drastically and farmers couldn’t make enough

However, in the late 1920s, when the Great Depression hit, Canada’s economy faltering. This downturn in the economy meant that many people started becoming more dependent on the Government as their livelihoods were lost. The Bennett Government defeated the Liberals in the 1930 election, commanding a majority in the Parliament... Bennett did not see a strong role for Federal government in overseeing the economy, hence the poor state of the economy in the depression era.

The Great Depression was an economic recession that began on October 29, 1929, following the crash of the U.S. stock market. The Great depression started in the US but had quickly spread to Canada. Although the market crashing is a factor of the depression it is not the main cause of the depression in Canada. Protectionism, reparation, overproduction of goods, and price of wheat fell, is what started the Great Depression in Canada. The price of wheat had greatly fallen.

Many integration laws that we still hold on to this day in variance with local and federal level use is still intact with everyday people affecting their choices and decisions they make, with those very same laws many domestic programs were initiated being know at the time as The New Deal. In 1932 Franklin Delano Roosevelt was elected for presidency for a campaign promising a New Deal for the people of America. Once in office Roosevelt “ worked quickly upon his election to launch the New Deal, with a number of reforms addressing the catastrophic effects of the Great Depression.” As it is unknown to most people at the time it would later be revealed to be one of the worst worldwide economic depressions that took place during the 1930s.

The Stock Market Crash of 1929 led America into the Great Depression. The Great Depression impacted society in many ways. When the United States elected President Franklin Roosevelt in 1932, federal control was greatly increased. In the first 100 days of FDR's term, he was able to pass legislation for creating jobs, financial relief, and an increase of federal spending. From the 1920s to 1939 government employees increased by more than 400,000

The worst economic depression ever felt in U.S. history was not only felt in north America, but this also became a worldwide economic slump. The Great Depression caused by many factors raised a question of how will the we take a step into recovery. The Election of president Franklin D. Roosevelt in 1932 was the beginning of the shaping of the U.S. government interaction with American citizens. Roosevelts campaign helped him win the election of 1932 with his laudable ideas of how to combat the effects of the depression. These Ideas were a set of programs intended to fix the depression and prevent future depressions as they were categorized by their function of relief, recovery, and reform. Although these programs from the New Deal didn’t end the depression they did help the U.S. towards economic progress, the program with the most significant impact on the U.S. economy would be the Social Security Act.

Roosevelt’s New Deal was a series of federal programs launched in 1933 in attempt to restore America’s economy from the Great Depression. By 1932, the worst year of the Depression, more than 13 million workers were unemployed, about 25 percent

Another cause of the depression was the lack of prosperity for many groups, and the lack of spending that soon resulted from this. In the early 1920s we know that the United States had a high prosperity. What is less known is that not everyone was sharing the good times. Immigrants from most countries, including those in Africa and Mexico, were sharing the same poor treatment as the Aboriginals in the United States. These groups were not doing well socially or economically and had low paying jobs. Many Americans simply could not afford to pay for many goods, and this created a massive reduction in purchasing. Factory workers suffered greatly from the reduction in purchasing; many factories had no need to keep the high levels of production going, and were forced to fire many employees. More workers still lost their jobs to machinery that could be used to the employers advantage to reduce the spending on wages. People now found themselves unemployed and unable to pay for their items previously purchased through