Bennett Buggy

On Tuesday, October 29, 1929, the New York Stock Exchange collapsed.

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.

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????

DISADVANTAGED Urbanites received more $ than rural as assumed rural = animals. New Canadians – 1920s = immigration => 1930 = deported

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)

THE WEALTHY

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.

TROUBLE IN VANCOUVER Sit –ins when relief camps closed.

THE NEW DEALSToo 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

Vancouver ‘Sit-ins’

ON-TO-OTTAWA-TREK

Liberal - King “I would not give a five cent

piece to a Conservative government”

Conservative - Bennett “ One of the greatest assets a

man can have on entering life’s struggles is poverty.”

‘Bennett Blanket’

‘Bennett Buggy’

‘Bennett Barnyard’Bennett’s One-man Show

King: The People Pleaser

CCF – The Co-operative Commonwealth Federation

-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

- 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.

J.S. WOODSWORTH

UNION NATIONALE

- Supported Quebec nationalism.- rural Catholic support.- blamed problems on English minority in Quebec.- believed in social insurance, work cond., farm credits

MAURICE DUPLESSIS

“BIBLE BILL” ABERHART

SOCIALISM:PROs & CONs

Total Income$ Spent Problem

Rowell-Sirois ReportCommission = Equalization Payments

‘Haves’ vs. ‘Have Nots’The Wealthy ‘hated’

By the time it was implemented the economy was changing.

Today?????

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.

ASIA Japan hit hard by tariffs. Keynesian economics – gov’t $ to help. Invade China for much needed resources.

RUSSIA 1917 = Bolshevik Revolution => U.S.S.R. Appeared to work during depression

=> people questioned capitalism. Stalin = dictator

policies = millions of deaths.

U.S. gave Germany money &later lowered payments butrecalled these loans when

depression hit.

TO DOp. 115 #1-4Key Terms

Introduction => 20s /OverviewSocially => ___________ ___________ __________Economically =>___________ ___________

_________Politically => ___________ ___________ __________Conclusion=> World / WW II

Introduction => Thesis Statement (3) __________________________________________

Socially => ___________ ___________ ____________________ ____________

Economically =>___________ ___________ _________ __________ ____________

Politically => ___________ ___________ __________ _________ __________ ___________

Conclusion=> One complete summary statement that ties in WW II. (3) ______________________