Great Depression in Canada

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The Great Depression in

Canada
W H AT A R E T H E C A U S E S O F T H E D E P R E S S I O N I N C A N A D A ?

L
A
IN S, Y
G R A S R G G
N
I FO S A
D IT A ND LO Y
O
W
D C T N SE S M LA O S
N EA T
R
G AN DU C A E A RT C H I
O D D
EM PR
O CR XP TE AN RE
D IN E C
A W
R
FIRST OVERPRODUCTION
WORLD
WA R

DIFFERENT
COUNTRIES SAME
M I S TA K E S

INCREASE IN ALLOWED A
STOCK MARKET HUGE GAP
WITH NO BETWEEN POOR
R E G U L AT I O N R A I S E D TA R I F F S AND RICH
TO PROTECT
LOCAL
PRODUCERS
H O W D E E P WA S T H E G R E AT D E P R E S S I O N I N C A N A D A ?

U N E M P L O Y M E N T R AT E A G R I C U LT U R A L P R I C E S F E L L
ROSE FROM 4% TO 27% AND
DRAUGHTS/GRASSHOPPERS
DESTROY THE CROPS

INDUSTRIAL PRODUCTION E X P O RT S W E R E H I T
FELL BY 50% B Y U S TA R I F F S

C A N A D A D I D N ' T FA C E B A N K R U P T C Y
OR A CRA SH, BUT THE RECOV ERY
WA S S L O W E R T H A N T H AT I N U S

• Liberal • Conservative

X
• Deny gov's intervention • Exploit economic crises
• Believed in self regulation
• to attack liberal and
Decided for not helping the
made false pledges
provinces
RICHARD B.
MACKENZIE KING
BENNETT
T H E C O N S E R VAT I V E G O V E R N M E N T O F B E N N E T T
1931-1934

+ 20 MILLION FOR
RELIEF PROGRAMS

NO TOLERANCE WITH
SOCIAL MOVEMENTS • Creation of Government work camps
for keeping agitators far from cities
(U$0.20 per day)
• • Tariffs on imports were raised to 50%
Infiltrated spies into unions
• Marches were prohibited to protect the national economy
• • Refused to grant financial aid for the
Agitators arrested and deported
• Censorship on books and provinces and accuse them of wasting
newspapers money in relief
• Even though all the repressive
actions, camps' workers march to
Ottawa
BENNETT'S CHANGE IN 1935

Theory 1 Theory 2
The committee's results Bennett feared the Stevens
triggered his social popularity and adopted
awareness — which came those measures to regain
stems from his religiosity Bennett lost popularity and popularity and save his
— and led him to
Shantytowns spread over the country leadership
empower state position (Robert Bothwell)
(Donald Creighton) being named after him as Bennett-
burghs

Harry Stevens accused stores of keeping prices


unnecessarily high and manufactures of engaging of
UNEMPLOYMENT prices gouging and Bennett begins a sudden INCREASED THE
INSURANCE AND GOVERNMENT
M I N I M U M WA G E turnaround to the left I N T E RV E N T I O N

INCREASED AID TO CONTRIBUTE TO


FA R M E R S A N D PROVINCES WITH
R E G U L AT E D P R I C E S FEDERAL FUNDS
THE PROVINCIAL RADICAL RESPONSES TO THE CRISIS

T H E C A N A D I A N C O M M U N I S T PA R T Y

• founded in 1921
• It was banned from politics and had its leaders
jailed
• The federal government initiated a crusade
against the communist threat

T H E C O - O P E R AT I V E
C O M M O N W E A LT H
F E D E R AT I O N ( C C F )

• Founded in Alberta by farmers and labour unions


• Defended the "democratic socialism" and received many votes in countryside provinces
• Proposed the Regina Manifesto: nationalization of banks and industries, a national
minimum wage, unemployment benefits and state-owned farms
• Its first executive win came only in 1944
THE PROVINCIAL RADICAL RESPONSES TO THE CRISIS

T H E S O C I A L C R E D I T PA R T Y
CONCLUSION

After listening about how the provinces and


federalTeacher's conclusion
authorities faced that crisis, write a
• Led by William Aberhart (the "Bible Bill") short paragraph giving your own conclusion
• Came up with the "theory of social credit": if about their rules to respond to the depression.
The Bennett's New Deal was judged
everyone receive a grant the consumption will be unconstitutional by the court and the
stimulated and the economy would recover faster provincial government were forced to run the
• After being elected to run Alberta he failed to relief actions, leading people to vote against
Bennett seen as unsuccessful leader
honor his pledge of paying U$25.00 for every
single adult

T H E U N I O N N AT I O N A L E

• Won election in the province of Quebec


• Adopted measures only to tackle agricultural problems
• Imposed a strict restriction to communist advertising
THE LIBERALS GOVERNMENT OF MACKENZIE KING
1935-1939

King won the election and liberals took the power once more

• Liberals didn't propose new measures or huge changes, only the return
to free trade
• He was benefited by the first signs of improvement by natural trade
cycle
• Reverted the Bennett's reform and limited the scope of social services
• Cooperation with the Federal Government was a matter and many
provinces refused to accept federal intervention

N !
M A
A D
S B
N K
A
S U C H A S U N I T E D S TAT E S TH
E C O N O M Y, T H E S E C O N D
W O R L D WA R H A S T O B E
RECOGNIZED AS THE KEY
TO RECOVER THE
CANADIAN ECONOMY

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