Between 1929 to 1939, Canada suffered a Great Depression due to economic problems such as the over-reliance on staple exports, overproduction of wheat, and the collapse of the stock markets. In turn the government slowly responded to the Great Depression by deficit spending and financing a variety of work projects. These courses of action ultimately led to Canada’s revival. One the major causes for Canada’s Great Depression was their over-reliance on staples for exports. In the 1920s, 25% of Canada’s GNP or Gross National Product was obtained from exports. Canada mostly depended on the price level and on the active demand of exports, such as wheat and pulpwood. It is safe to say that after the collapse of wheat due to economic problems
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During the Great Depressions climax, the government did not provide aid for the unemployed citizens. They were forced to rely on charities. Many workers went on strike. A Canadian syndicalist trade union organization called One Big Union organized strikes across Canada. In response to this, the government arrested union organizers and busted strikes. Bennett attempted to fix the problem with traditional economic policies and Canadian relief camps. These relief camps were to be run by the government. The workers would construct public buildings, roads, plant trees, etc. in exchange for residence, food, clothes, medical care, and twenty cents a day. His actions made the depression worse. In 1935, Bennett desperately enacted a model of Roosevelt's “New Deal”. He announced in a radio announcement, “I am for reform”. Unfortunately, it was too late. Bennett’s “New Deal” legislation was found unconstitutional. The unemployed began to ride the transit rails. The goal was to find work in other parts of Canada. This was known as the “On to Ottawa” Trek. When these trains reached Regina in Saskatchewan, the number of protesters had doubled. Bennett feared a huge protest in Ottawa. He stopped the train and tried to negotiate with the protestors. Eventually, on July 1st, 1935, a riot broke out as the Royal Canadian Mounted …show more content…
He stimulated the economy with deficit spending and financed a variety of work projects. McKenzie King introduced the National Housing Act and the National Employment Commission. The purpose of these inductions was to make credit more available to the citizens of Canada. King thought it was the responsibility of the provinces to aid their citizens. With this fresh mind set, King reduced the impacts of the Great Depression. King was not prepared for this type of event, nor were any other political leaders; he was not alone. Other political parties also offered their solution to end this tragic event. Bill Aberhart, a preacher and teacher, thought that the solution was to offer every citizen $25 per month to act as a “prosperity certificate”. The idea was, with the money, people would be able to buy more products, and ultimately stimulate the
During the Great Depressions climax, the government did not provide aid for the unemployed citizens. They were forced to rely on charities. Many workers went on strike. A Canadian syndicalist trade union organization called One Big Union organized strikes across Canada. In response to this, the government arrested union organizers and busted strikes. Bennett attempted to fix the problem with traditional economic policies and Canadian relief camps. These relief camps were to be run by the government. The workers would construct public buildings, roads, plant trees, etc. in exchange for residence, food, clothes, medical care, and twenty cents a day. His actions made the depression worse. In 1935, Bennett desperately enacted a model of Roosevelt's “New Deal”. He announced in a radio announcement, “I am for reform”. Unfortunately, it was too late. Bennett’s “New Deal” legislation was found unconstitutional. The unemployed began to ride the transit rails. The goal was to find work in other parts of Canada. This was known as the “On to Ottawa” Trek. When these trains reached Regina in Saskatchewan, the number of protesters had doubled. Bennett feared a huge protest in Ottawa. He stopped the train and tried to negotiate with the protestors. Eventually, on July 1st, 1935, a riot broke out as the Royal Canadian Mounted …show more content…
He stimulated the economy with deficit spending and financed a variety of work projects. McKenzie King introduced the National Housing Act and the National Employment Commission. The purpose of these inductions was to make credit more available to the citizens of Canada. King thought it was the responsibility of the provinces to aid their citizens. With this fresh mind set, King reduced the impacts of the Great Depression. King was not prepared for this type of event, nor were any other political leaders; he was not alone. Other political parties also offered their solution to end this tragic event. Bill Aberhart, a preacher and teacher, thought that the solution was to offer every citizen $25 per month to act as a “prosperity certificate”. The idea was, with the money, people would be able to buy more products, and ultimately stimulate the