Did the Canadian Government Do Enough During the Great Depression?

How successful were the national governments in bringing economic recovery in Britain in the years 1931-1939?

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

In 1919, World War I had finally come to an end, leaving most of the world in a post war depression. However, in countries like Canada, the decade ahead would be filled with amazing growth and change in many ways. The 1920s were an exciting time in Canada because of the economic prosperity, technological, social and cultural revolutions and growing political responsibility and change in policy that country experienced. These economic, social and political changes really made the 1920s in Canada “roar”.

The Great Depression was one of the worst collapses in the history of the Canadian economy. Canadians endured years of misery and in the same manner, suffered through all the ineffective solutions that took place. Despite Prime Minister Bennett's multiple advances to bring the economy back to pace, most of the solutions Bennett acted upon caused more harm than good to the economy. Bennett's first solution was enrolling in Protective Tariffs, which not only sent more residents out of work but also reduced Canada’s trade with other countries. Secondly, Bennett's involvement in putting up relief camps bought hatred, from unemployed men, towards Bennett and his government. Thirdly, Bennett's final attempt was the New Deal, which ultimately led

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 depression years of 1929 - 1939 proved to be the worst, and some of the best years for Canada and Canadians. It was a time of extreme highs and lows socially, emotionally, and economically. It was a time that Canada came into her own being on the world wide stage.

Canada in the 1930s was in a state of economic depression and the people, notably living in the west, were finding it difficult to secure a source of income. R.B. Bennett was elected as Prime Minister by Canadians in 1930 on the basis that he would end unemployment, but by 1932 his government was seemingly overwhelmed by the persistence of the Depression and was becoming

The 1920’s, known for its fantastic times for the Canada. People were buying expensive things such as automobiles, toasters and investing in the stock market to make big money. Because of that people lived lavishly, until the 1930’s the Great Depression which affected many nations like Canada in many ways and made it the worst time to live. The 1930’s was the worst time to live in Canada because we had been affected Politically, Socially and Economically

The amount and scope of this control has been growing steadily ever since.# After the First World War, the Canadian government moved away from a laissez-faire economy, taking a more hands-on approach. The expansion of factories that had occurred during World War One allowed Canada to overproduce goods during the 1920s and they began investing in the stock market, often buying on margin that resulted in massive inflation of stock prices.# The world’s financial centre moved across the Atlantic from London to New York. The United States had become the world’s financial capital. While there are significant exceptions (e.g. Britain), generally the industrialized countries experienced an economic boom in the twenties.# Based on expanding on markets and an increased demand for consumer’s goods such as the automobile and electric appliances, economies continued to expand until 1929.# On October 29, 1929, the economic boom of the twenties abruptly came to an end. This was known as Black Tuesday, and many Canadians, particularly those who had bought on margin, lost everything. Coupled with the financial collapse of the stock market, the prairies were ravaged by a drought that lasted nearly eight years. Unemployment skyrocketed, and many Canadians “rode the rails” in search of jobs. The Great Depression lasted until Canada declared war on Germany, creating another prosperous wartime economy.# The Great Depression

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

The Canadian government was, for the most part, unsuccessful in its attempts to deal with the depression. Mackenzie King was the Prime Minister of Canada from 1926-1930 and re-elected in 1935-1948. Prime Minister King was unsuccessful in dealing with the depression in Canada. Richard Bennett was elected from 1930-1935 in response to King’s failed term. However, Prime Minister Bennett would only serve one term and would also prove to be unsuccessful in dealing with the depression in Canada. Throughout the depression years; there were a few policies that did help Canadian citizens but none went far enough to provide real relief from the severe conditions.

This source discusses the great crash of 1929. The year 1929 saw the peak of the roaring ‘20s which was known as the “Bull Market” and the stock market collapse that led to the Great Depression. This source also discusses how one third of the U.S. workforce was unemployed which is also a reason for

A Government trying to save its people does anything that is in its power to make it happen. The U.S. Government in that time just like any other government would do, tried to improve the country’s conditions during the Great Depression; however, sometimes when people try to do something quick in a critical situation, most of the time people choose the wrong or least convenient option thinking that it would help, but it actually does not. Martin, K. explains that once the Depression was getting even worse, the government had to take responsibility for that situation, and promised protection of its citizens. Then, the government decided that a solution according to the “Tariff Act of 1930” (2017), would be to raise the taxes on imported goods,

Although most people believe it was a failure of private enterprise, the Great Depression was actually a failure of government due to the government's inability to maintain the total quantity of printed money, refusal to heed the warnings of experts, and the restrictive policies imposed by the Federal

Veering away from Laurier`s classic laisse-faire economic idea, Bennett introduces Canada to Keynesian economics, as Laurier`s version was deemed unsuccessful with dealing with the depression. Bennett`s `new deal` is Canada`s version of U.S. President Franklin D. Roosevelt`s `new deal. ` The deal endorses progressive taxation, regulations on working conditions, unemployment insurance, health and accident insurance, an old-age pension plan, and agricultural support. For those few who are employed, work week maximums and a regulated minimum wage can improve the lives of men and their families. The Wheat regulation board was created to equalize the price of wheat throughout the Canada. Although controversial, Bennett`s approach to dealing with the depression surly isn’t something Canada has experienced