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Reasons for canadas prosperity in the 1920's
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Imagine if the entire world had no borders or boundaries, how would the world function? In the time frame of 1700-1850 the stability was very low and the events that occurred were the War of Spanish Succession, the Seven Years war and the Act of Union/Responsible Government. The countries then switched from New France to East/West Canada. Many Treaties from different countries were made, multiple wars started and ended and immigration started with many people in different countries. Then once the stability got better the wars lessened and the immigration which means a person going from one country to a totally different country that might change their lifestyle ended as well.
The Great Depression of 1929 not only hit America severely but also devastated the Canadian economy where had the USA as a main partner of trading. This high interdependency on America brought a huge shock to Canada and her economy was replete of increasing unemployment and poverty. Two governments, here, attempted different approaches to recover the massive aftermath and these can be divided into two phases: Bennett’s government of 1930-5 and King’s of 1935-9. Although they both faced failure from Laissez-Faire, they had made different attempts in terms of unemployment, trade and economy including foreign affairs, and agriculture. Both governments here tried to reduce the unemployment by providing pubic works schemes and relief programmes.
Canadian Autonomy in the 1920’s and 1930’s In the 1920’s and 1930’s Canada gained political and cultural autonomy, but lost economic autonomy. Canada gained political autonomy through the Halibut Treaty. The Halibut Treaty was the first treaty signed by Canada that was not signed in the presence of a British official. Clearly, Canada gained political autonomy if it was signing treaties independently.
At the end of the 1920s, after World War I, the United States was an industrial giant boasting the largest economy in the world. Upon accepting the Republican Presidential nomination, Herbert Hoover famously stated “We in America today are nearer to the final triumph over poverty than ever before in the history of any land.” But within months after his inauguration, the stock market crashed. At the time, the American economy were already flawed by disparity in the distribution of wealth and a weak banking system, and within months, the nation’s economy started to spiral downward into the greatest depression it has ever seen.
In the 1920’s there was a lack of Canadian art in the country, the art was all European. The beautiful scenery was too difficult to be painted, until The Group of Seven joined together and impacted the future of Canadian art. The Group of Seven were a group of men who would rent paintings out to people just for they could use the money to buy painting supplies. They wanted to prove that the scenery could be brought to life and shown to the world.
The Canadian economic development throughout the 20th century has had an everlasting impact on the economy to this day. The economy in the 20th century paved the way for how strong and secure the nations’ economy is in the present. Before the 20th century, Canada’s economy relied solely on trading. The colonies thrived economically through fur trade, where hunters sold animal furs to large corporations in North America. (http://www.thecanadaguide.com/the-economy) Other than fur, Canadians traded things like lumber, fish, coal, iron, gold, wheat and other grains.
First of all, one of the most diversity factor of the economic was the Stock Markets. During the 1920, the nation stock growth bringing an increased demand for American goods and speedy industrial growth. Things were looking good for the United States during the roaring twenties. The Stock Market crash of 1929, led to the ruin of many Americans and was followed by the great depression. The Great Depression witnessed the end of the economic boom in the 1920 's. crash of the stock market in 1929 causes a lot of damage to businesses and other.
When Prime Minister Wilfrid Laurier stated, “As the 19th century was that of the United States, so I think the 20th century shall be filled by Canada”, the decades that followed provided his statement to be true as Canada became an independent and strong nation. The battlefields in World War One were a defining moment for Canada as their forces fought as one nation for the first time, instead of under British Command. Also, at the end of the war, Canada was recognized at the Peace Conference and signed the Treaty of Versailles as an independent country. In addition, Canada joined the League of Nations, playing a major role in world politics. These events in the early 20th century allowed the beginning of a strong nation with a growing national
The stock market crash of October 29, 1929 provided a dramatic end to an era of unprecedented, and unprecedentedly lopsided, prosperity. This disaster had been brewing for years. Different historians and economists offer different explanations for the crisis–some blame the increasingly uneven distribution of wealth and purchasing power in the 1920s, while others blame the decade’s agricultural slump or the international instability caused by World War I. In any case, the nation was woefully unprepared for the crash. For the most part, banks were unregulated and uninsured.
In stark contrast to the prosperity of the 1920s, the Great Depression affected every industrialised country from 1929 to 1929. Under Republican administration, laissez faire capitalism incited the emergence of fundamental flaws within the manufacturing sector, as well as high tariffs. These policies ultimately precipitated extreme disparities in wealth and civil liberties. Although such policies were major causative factors in this era, they cannot be identified as the sole cause of the Depression.
1920s, also known as the “Roaring Twenties”, was a time where life was perfect and faster for Americans. People began the usage of cars, and automobile changed lives of many people (Crewe, 1). After World War I, the U.S. economy experienced massive growth during the 1920s. Production and industry changed while the assembly line increased production. The assembly line, developed by Henry Ford, was very important behind the change.
Canadian history has gone through many periods of great political, economic, and social change. The changes between 1914-1929 were a revolutionary era of Canada’s history. This put a lot of stress on the country, but lead to many positive outcomes. Canada’s financial state greatly changed in the time leading up to the great depression. In efforts to pay for the war Victory loans were introduced.
The economy of canada had been greatly affected by the great depression. In between
I believe that Canada did become more independent in the 1920 's. Canada 's major role in WWI had earned the nation respect worldwide. Although Canada had become a nation over half a century before, it had not had real chance to prove itself as a nation. Post-WWI, it was no longer viewed as a British colony, the international political scene realizing that Canada had “come of age,” and was a significant force. Reliance on Britain as a political guide also diminished, and Canada began acting independently in international politics. An example of the increasing spirit of independence from Britain is Canada 's part in the Chanak Incident of 1922.
Unemployment levels decreased, and trade gained speed with the help of the truck industry("Back in the Roaring ‘20s,2). The last important advancement in transportation that benefitted the United States was the development
