Ww1 Canada Economy Analysis

Economy… what is Economy? Economy is the wealth and resources of a country or region, especially in terms of the engenderment and consumption of goods and accommoda- tions. Canada in WW1 had a huge dent in its economy and had to pay off a lot of debt and loans. Like most different soldiers in 1914, Canadians anticipated that the war would be short, successful, and moderately reasonable. They were wrong. Today, Canada has a more stable economy then back in WW1, but how they got this stable economy is what most people question.

To begin, Canada gained this dept and loss of economy do to the first reason which is, the military. Canada was known for producing the most bullets for the war and had the a military of 600,000 thousand soldiers at the end of ww1. Canada needed more money so they asked allied country like britain but british loans started to dry up and could not give Canada help. After trying to negotiate with other countries Canada began to sell its citizens victory bonds. Victory bonds were sold for 10 to 15 cents in the form of stamps. The contract was that for every victory bond, you get 5.5% more money back interest. Citizens would get here money back after 10 to 20 years. The canadian government were mind blowing with the amount …show more content…
Canada had about $1,3000,000,000 costed from the war. Due to the war, Canada had to pay back for their debt, they paid around $165 million per year and overall Canada's debt was $1,665,576,000. This resulted in what we have now, income tax. Many soldiers at the time were jobless and had no place to work. Some went back to being farmers, most tried finding jobs in factories. After the war there was an intense need in goods and services. Which shut down factories like chemical and steel. Canada took around 10 years to recover from this. All and all, after the war, the stock market had an affect on it and so did the soldiers coming back from