Class Notes (806,820)
Canada (492,456)
LABRST 1A03 (334)
David Goutor (299)


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McMaster University
Labour Studies
David Goutor

Unroaring Twenties Hard Times &Survival, Pt2 Dirty Thirties Great Depression overproduction/under consumption -not as quite as big as it was in 1929 -other mining minerals -1930s there were no markets -financial crises themselves have long implications overextension -producing too much, consuming too little -built and expanded plants that were too big -in order to build those larger plants, they borrowed money -can’t sell goods or pay their debs which adds on to the financial crisis -infrastructure was over-built -Canadians spent as much money paying their debts then they spent on the relief for the poor Varied Impacts Business: Consolidation -if they had overextended themselves, they had a problem -the 30s tended to be the time to still be favorable to a lot of businesses -smaller companies gave larger companies the competition -bigger corporations eating little corporations Region -regionalized economy in Canada -west went bust, also had extremely bad luck -west=dust bowl Industry -manufacturing -depends on what industry you are talking about -1934-35 things start to recover Big/Small Ticket -small ticket items are smaller things like shoes or clothes -don’t rely on going into depth -in 1933, construction industry is one quarter of the size as it was in 1929 (reduced by 75 %) -Big Ticket Manufacturing: empty workers -Small Ticket Manufacturing: full workers Gender -women are the ones doing small ticket manufacturing -industries that recover tend to be industries that women represent (garment industry) -women who are keeping their jobs -men are not keeping their jobs -male dominated industries (steel, manufacturing) was harder to get and keep -teaching was a female dominated industry -office work did get hit hard early on -“the jobs belong to white men” (resentment since women have better and more jobs then men) -women even kept off getting married to keep their jobs -men kept off getting married because they knew they’d earn less than their wives Ethnicity -resentment of immigrants went up -a lot of suffering in immigrant communities -government gave no relief to poor immigrants -Chinese suffered starvation due to the conditions Age -workers 15 and over lost their jobs and ended up working very little -so many other younger workers -Riding the Rails was dangerous “Lost Generation” Deflation -opposite of inflation -prices drop -economy: deflation is a disa
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