post ww2 boom and gloom notes
TRANSCRIPT
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7/29/2019 Post WW2 Boom and Gloom Notes
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Boom and Gloom
Roaring Twenties
Probition: production and consumption of alcohol was banned during thetwenties which in turn encouraged bootleggers to deal illegal liquor, the 20s
became the era of the gangsters Soliders: returned from Euro, sometimes w/o a job or a place to stay. The
munitions factories which offered job during the war were now closed;
employees laid off
Strikes: everywhere in Canada there were strikes + labour unresto General strike of Winnipeg of 1919
30 000 workers of many trades took part in strike which lasted 6weeks when violence broke on June 21Bloody Saturday
The Economy: middle of the 20s the economy improved significantly and was onfull swing
o From a lot of American investmentso Branch plants in Canada to avoid high tariffs
The statue of West Ministero Imperial conference of 1926 granted total independence to Canada
the statue officially approved by GB in 1931
The Persons Caseo The famous Five went to the Privy council in England in order to change
the constitution to permit a wom an to be called a person according to
judicial court
o Thereafter entitled to all the same rights as meno Carnie Wilson becomes first woman appointed in the federal cabinet
Immigrationo Too much xenophobiao Restricted immigration policeso Wanted British immigrants
Changing Ties with Britain
The Chanak Affair:o A Turkish army threatened Brit forces @ Chanako Brit asked for troops, but King made it clear that troops would only be sent with
parliament agreement
o First time Can refused The Halibut Treaty: in 1923 for the first time Canada signed an international treaty
with the USA on its OWN!
King-Byng Crisiso King went to governor general Byng to call electiono Byng refused, king outraged, power struggle followed governor general lost all
real power and just became a representative
The Balfour Reporto At imperial conference in 1926
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o Document called Balfour Report written that GB, Canada and otherdominions were all equal and the relationship between them would be called
the Commonwealth of Nations
Statue of Westminstero 1931 GB passed this statue which officially recognized Canada as Britains
equal partner
Causes of the Great Depression
1. Overproduction and over expansionBelieved that prosperity would last forever; therefore factories produced more
merchandise than they could sell; later found themselves deeply in debt
2. Canadas dependence on few primary productsExports turned to be essential if the economy of the other countries faltered sowould Canadas (not well sufficient economy)
3. Canadas dependence on the USTo many branch plants, many jobs controlled by American investors
4. High tariffs chocked off international tradeIn order to save own economy euro countries adopted protectionist polices
which discouraged international trade and commerce
5. Too much credit buyingIn the 20s many families got themselves into debt
6. Too much credit buying of stocks20s ppl who were convinced that the stock market would rise but did not and
lost money
PRIME Ministers: King and Bennett