1929-1939- The Great Depression
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.
During the worst depression years in Canada, there were many people who tried tirelessly to get Canada out of the crisis she was in more quickly and efficiently. William Aberhart and his group of supporters had a plan that they were sure could help and even end the depression and its horrible effects. His theory was if a twenty-five dollar cheque was given monthly to each family, it would alleviate their financial fears and jumpstart the economy. Having confidence in his idea, he went to share it with both political parties. Unfortunately, both parties rejected the idea; saying money would only become more worthless. Even after running and being elected as Premier of Alberta, the resolution was not accepted because of the overwhelming responsibility towards the federal government.
Even though Aberhart’s plan was not put into action, there were many others like him whose voiced opinions and ideas encouraged the end of the depression. William Lyon MacKenzie King was a main contributor towards leading Canada out of the depression. When the depression started, King was still in the position of Prime Minister;
so when the election of the 1930’s came, King had a new opponent. His opponents name was Richard Bennett. Bennett suggested that tariffs should be raised, and that the wealthy and stable should give to the poor; while King was campaigning for lower tariffs, attempting to help those who were poor and needy without taking from ...
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... and it was to operate just like any other kind of insurance, such as life or fire insurance. Premiums and benefits were to be carefully calculated and paid out to those who required assistance. The Act also created the National Employment Service to help the unemployed find work.
Overall, the Great depression was a hard time for most Canadians, and the concept of unemployment insurance brought Canada to the world wide stage. Whether it is Prime Ministers opening relief programs, events which supported the upbringing of our country, the inventions which boosted our economy in giving us more trade, or the Depression in general, the whole period of time starting from the market crash to revival was the event which Canada showed the world that we are strong and not easily crushed. Therefore, the key event in this decade is the Great Depression and the acts towards it.
William Lyon Mackenzie King, Canada’s longest serving prime minister, is known for both the great contributions he brought to Canada and for the scandals he was involved in. The one event that makes him most famous to Canadians is the King-Byng Affair of 1926. During this event, Mackenzie King asked Lord Byng to dissolve parliament in order to force a new election as he had lost with a minority. Because King’s intentions were to regain a majority government, Byng refused out of distrust for King’s plans and King was replaced in power by the Conservatives. While William Lyon Mackenzie King’s actions were in accordance with all the laws regarding his power as Prime Minister, he acted for selfish reasons thus putting him in the wrong. Mackenzie King’s and Lord Byng’s histories will be quickly analyzed to understand their actions in the affair. Right after, King’s options and reasons for dissolving parliament will be analyzed. Thirdly, Byng’s options and reasons for refusing King’s request will be researched. Once enough evidence has been collected, the end results of this affair will be discussed and the conclusion as to whether or not King was right to go against responsible government will be made.
Canadians were frustrating, wonderful, and hard. Soldiers returning from the war expected jobs, but were faced with unemployment, inflation and strikes. Inflation had doubled the cost of living where wages had not and those fortunate to be employed still faced immense financial difficulty. Many people joined unions for better pay and working conditions, 1919 saw the most strikes at a staggering three hundred and six, people were angry and discontented. The 1920s were a time of crime corruption and extreme poverty, yet by mid era difficult conditions began to improve. Foreign investors gained confidence in Canada and as a result new industries were developed, The twenties really did 'roar' and with this boom of change Canada underwent the transformation that was the gateway to the future.
Sir Henri Charles Wilfrid Laurier, commonly known as Wilfrid Laurie, the seventh Prime Minister of Canada from 11 July 1896 to 6 October 1911, was Canada's first francophone prime minister. He is often considered one of the country's greatest statesmen. He is well known for his policies of conciliation, expanding of the Confederation, and compromise between French and English Canada. His policies and actions helped Canada in various areas, including culture, diplomatic, and economic. He is well known for his policies of conciliation, expanding of Confederation, and compromise between French and English Canada. His vision for Canada was a land of individual liberty and decentralized federalism.
The Great Depression was one of the greatest challenges that the United States faced during the twentieth century. It sidelined not only the economy of America, but also that of the entire world. The Depression was unlike anything that had been seen before. It was more prolonged and influential than any economic downturn in the history of the United States. The Depression struck fear in the government and the American people because it was so different. Calvin Coolidge even said, "In other periods of depression, it has always been possible to see some things which were solid and upon which you could base hope, but as I look about, I now see nothing to give ground to hope—nothing of man." People were scared and did not know what to do to address the looming economic crash. As a result of the Depression’s seriousness and severity, it took unconventional methods to fix the economy and get it going again. Franklin D. Roosevelt and his administration had to think outside the box to fix the economy. The administration changed the role of the government in the lives of the people, the economy, and the world. As a result of the abnormal nature of the Depression, the FDR administration had to experiment with different programs and approaches to the issue, as stated by William Lloyd Garrison when he describes the new deal as both assisting and slowing the recovery. Some of the programs, such as the FDIC and works programs, were successful; however, others like the NIRA did little to address the economic issue. Additionally, the FDR administration also created a role for the federal government in the everyday lives of the American people by providing jobs through the works program and establishing the precedent of Social Security...
The Great Depression of the 1930's is a benchmark for all depressions and recessions in the past and in the future. In the booklet "The Great Depression of the 1930s in Canada" , Michiel Horn gives an intellectual dissection of the events that occurred during the Great Depression. Michiel Horn's approach leaves the reader with a foul taste for the Dirty Thirties. This essay will summarize Michiel Horns key points as well as discuss the ability of Michiel Horn to report his findings.
It’s difficult to visualize how anyone could describe the 1920’s as anything but extraordinary. It was the decade when Canada really began to change in many ways. Many changes that enable us to live the lives we live today happened during the 1920’s. When you think back to the 20’s, so many things happened that made it roar, including technology, women’s rights, entertainment, and more.
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 important for governments to find methods to deal with the depression, but the Canadian government wasn't very successful in its attempts to deal with the Great Depression.
Canada suffered its longest and most terrible economic depression in its history between 1929 and 1939. It is now known as the Great Depression. This essay will demonstrate the major causes, political, economic and social consequences, and the government’s solutions from the Great Depression. The Great Depression affected all of Canada and is a key part of our history. It is important that we learn from it so we can prevent it from happening again.
"It is what we prevent, rather than what we do that counts most in Government." (Mackenzie King august 26, 1936) This statement sums up the best secrets of Mackenzie King's success as prime minister, and perhaps, the key to governing Canada effectively. King's record of prime minister is sometimes difficult to judge. He had no uninteresting images, he gave no repetitive speeches, and he champions no drastic stage. He is remembered for his easygoing, passive compromise and conciliation (Gregory, page 267). Yet Mackenzie King led Canada for a total of twenty-two years, through half the Depression and all of the Second World War. Like every other prime minister, he had to possess ambition, endurance and determination to become prime minister and, in spite if appearances, his accomplishments in that role required political acuity, decisiveness and faultless judgment.
The post-war time was a period where major changes were occurring. After being involved in two international conflicts, Canada was ready to reestablish their economy. During this time, Canada had started working on ways to become stronger and reputable. It is evident that Canada had matured through the post-war era. Canada’s economic progress left a positive impact on the growth of the country as consumerism became popular, and economic ties with America became stronger. Moreover, the removal of racial and ethical barriers contributed to Canadian social affairs such as the huge wave of immigration and the baby boom. The Canadian government also had become more aware and involved in issues impacting Canadian citizens. Canada as a whole started identifying itself as an independent nation and participating in events that brought a positive reputation amongst them. These economical, social, and legal changes helped Canada mature into the country it is today.
Many Canadians thought the depression was brought about by the wheat crop crash and not the stock market crash because many Canadians and farmers were dependent on the growth of wheat because it made up a majority of their exports, but seeing as the wheat provinces were hit with a severe drought the wheat crops crashed leaving many farmers out of jobs and money, causing a great affect on Canada. The causes of the great depression were due to over-production and over-expansion because Canadian companies expanded their industries of goods so that they could generate more profits. Yet economic activity shrank in the late 20’s and companies were left with a heavier debt and lack of...
The Great Depression was not just a little event in history, hence the word “great”, but a major economical setback that would change Canada, and the world, forever. The word “great” may not mean the same thing it does now; an example of this is the ‘Great’ War. These events were not ‘good’ or ‘accomplishing’ in any way, quite the opposite, but in those times it most likely meant ‘big’. What made it big are many factors, both in the 20’s and 30’s, which can be categorized into three main points: economics, politics and society. With all these events, compressed into ten years, this period of economic hardship of the 1930’s truly deserves the title the “Great Depression”.
When the Great Depression occurred right around 1930, William Lyon Mackenzie King and his government did not respond strongly . Although the depression was evidently obvious, King believed that the economic crisis was temporarily and only patience was needed to overcome it . It took a while for King to realize how the depression was affecting the politics . King believed that welfare was a provincial responsibility and no one else’s . During the depression, all provinces wanted to increase the tax in Ottawa, but he did not understand the concept of it since other provinces were going to use the tax for themselves. King thought that it was necessary for the provinces to take initiative and increase their taxes . As the depression hit rock bottom many Canadians were unemployed. As Canada was changing right in front of his eyes, King’s perspectives did not show change. In one of his speeches he declared, “I submit that there is not evidence in Canada today of an emergency situation which demands anything of that kind” . King did not face with depression in the most orderly matter but he was a great Liberal leader, he kept the Liberals together when the Conservatives were falling apart and new political parties were developed to compete for the votes . During the depression, King held an election that was one of the most important events that occurred in...
...oss national product dropped 40%, 30% of the labour force was out of work, one fifth of the population became dependent on government assistance and wages fell. The close trade bonds and economic reliancy made Canada go into a downward spiral of economic distress.
Franklin Roosevelt’s “optimism and activism that helped restore the badly shaken confidence of the nation” (pg. 467 Out of Many), was addressed in the New Deal, developed to bring about reform to the American standard of living and its low economy. It did not only make an impact during the Great Depression. Although, many of the problems addressed in the New Deal might have been solved, those with the long lasting effect provide enough evidence to illustrate how great a success the role of the New Deal played out in America’s history to make it what it is today.