HIS 2364 Lecture : HIS2364.docx
2 Jan 2013
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Document Summary
Bennett policy failures results in government unravels; farm and small businesses revolt. Beyond 1935 election: king or chaos , role of the ccf and reconstruction party. Remarkable growth for middle class canadians during the roaring 20s. October 1929 crash on wall street reverberated around the world. Collapse of financial and industrial capitalism was at the very heart of the great depression. 1940 report of the royal commission on dominion-provincial relations outlined in some detail the economic & constitutional dimensions. Safarian"s book the canadian economy in the great depression provided the first look at why the depression lasted so long. 1929-33: gross national expenditure, gnp, and national income declined by 30-40% July 1929: dec 1932: 50% decline in export prices in current dollars, 25% in constant dollars. Using 100 units, prices of 17 major exports: fell 100 to 47. Farm products: 100 to 30, wholesale prices: 100 to 66, index of employment: 100 to 67, industrial output: 100 to 52.
