Bennett Buggy
On Tuesday, October 29, 1929, the New York Stock Exchange collapsed.
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OVERPRODUCTION
 1920s = good times. Stockpiles = Layoffs
ECONOMIC DEPENDENCE ON EXPORTS
 Can. = raw resouces => prices dropped,
competition rose & we sufferred.
(wheat & newsprint #1)
TARIFFS & U.S. PROTECTIONISM
 U.S = Canada’s #1 trade partner.
 When makets died tariffs rose.
DEBT FROM WW I
 U.S. called back loans => Fr. & Brt. relied on Germ reparations
=> Germ. Couldn’t pay => protectionism grew => vicious cycle.
SPECULATION & THE STOCK MARKET CRASH
 Speculators in the 1920s were buying on ‘margin.’
 Stock market crashed & loans couldn’t be paid.
FALLING OFF THE ECONOMIC EDGE
 Protectionism, loans, layoffs, the crash.
All result in people with no $ to buy goods.
On Tuesday, October 29, 1929, the New York Stock Exchange collapsed.
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DROUGHT ON THE PRAIRIES
 One crop farming, 8 yr. drought, winds / dust storms,
grasshoppers => abondoned farms.
UNEMPLOYMENT
“Pogey / The Dole,” – like welfare, humiliating, evicted, vouchers,
 ‘Riding the Rails’ – shanty towns / jungles, hope????
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THE WEALTHY
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DISADVANTAGED
Urbanites received more $ than rural as assumed rural = animals.
 New Canadians – 1920s = immigration => 1930 = deported
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 Racism – Chinese = no relief , anti-semitism, aboriginals = less $.
 Women – fired or forced retirement, no relief.
Life for the wealthy could
actually improve due to deflation.
(supply & demand)
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THE GOVERNMENT’S RESPONSE
 Unemployment Relief Act – $20 million for make work projects.
 Tariffs , relief, soup kitchens, work camps (20 cents a day)
 Prairie Farm Rehabilitation Act – better irrigation.
 Red Scare – outlawed communism
THE ON-TO-OTTAWA-TREK
In 1935, over 1000 men headed from B.C. to Ottawa.
 Stopped in Regina / Regina Riot.
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TROUBLE IN VANCOUVER
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Sit –ins when relief camps closed.
ON-TO-OTTAWA-TREK
Vancouver ‘Sit-ins’
THE NEW DEALS
Too Little , Too Late????
ROOSEVELT’S NEW DEAL
-U.S. president = public work programs
- Social Security Act (pension, UI, Mom & child $.
-U.S. spent billions to get economy rolling.
- didn’t end depression but helped many
BENNETT’S NEW DEAL
-Revised a fairer tax system.
-Workers insurance (illness, injury, UI)
- helped workers (hours, wages, conditions)
- pensions
-Created Can. Wheat Board – regulate wheat prices
Liberal - King
“I would not give a five cent
piece to a Conservative
government”
‘Bennett Blanket’
Conservative - Bennett
“ One of the greatest assets a
man can have on entering life’s
struggles is poverty.”
King: The People Pleaser
‘Bennett Buggy’
Bennett’s One-man Show
‘Bennett Barnyard’
J.S. WOODSWORTH
CCF – The Co-operative Commonwealth Federation
SOCIALISM:
PROs & CONs
-First Socialist party founded by the prairies in 1932.
-Believed capitalism = inequality & greed. (caused depression)
-Regina Manifesto – public ownership, social programs,
spend $ to help economy.
SOCIAL CREDIT PARTY
Total Income
$ Spent
Problem
- A western party that believed capitalism = hoarding.
- Gov’t should release this $ into the economy
=> SPEND!! (Gov’t = $25/mo./person for necessities)
- Prairie support as depression devastated the area.
MAURICE DUPLESSIS
“BIBLE BILL” ABERHART
Rowell-Sirois Report
Commission = Equalization Payments
‘Haves’ vs. ‘Have Nots’
The Wealthy ‘hated’
By the time it was implemented
the economy was changing.
Today?????
UNION NATIONALE
- Supported Quebec nationalism.
- rural Catholic support.
- blamed problems on English minority in Quebec.
- believed in social insurance, work cond., farm credits
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GERMANY
 Hated Treaty of Versailles
 War Guilt Clause, $32 billion in reparations,
printed $, inflation.
-The west tried to make payments easier.
- Germany still could not meet payments.
U.S. gave Germany money &
later lowered payments but
recalled these loans when
depression hit.
ASIA
 Japan hit hard by tariffs.
 Keynesian economics – gov’t $ to help.
 Invade China for much needed resources.
RUSSIA
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1917 = Bolshevik Revolution => U.S.S.R.
Appeared to work during depression
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=> people questioned capitalism.
Stalin = dictator
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policies = millions of deaths.
TO DO
p. 115 #1-4
Key Terms
Introduction => 20s /Overview
Socially => ___________ ___________ __________
Economically =>___________ ___________ _________
Politically => ___________ ___________ __________
Conclusion=> World / WW II
Introduction => Thesis Statement (3)
__________________________________________
Socially => ___________ ___________ __________
__________ ____________
Economically =>___________ ___________
_________ __________ ____________
Politically => ___________ ___________
__________ _________ __________ ___________
Conclusion=> One complete summary statement
that ties in WW II. (3) ______________________