Class Notes (1,100,000)
CA (650,000)
Western (60,000)
HIS (2,000)
Lecture 5

History 2125F/G Lecture Notes - Lecture 5: Imperial Munitions Board, Joseph Flavelle, Canadian National Railway


Department
History
Course Code
HIS 2125F/G
Professor
Peter Krats
Lecture
5

This preview shows half of the first page. to view the full 2 pages of the document.
Lecture 5
“Great War “and the twenties: Rollercoaster rides for Business and Labor
Pre war recession
Overseas credit tightens
Credit – reliant business
Need less lumber, bricks, steel
Resource industries
Transportation
Less work -> consumer demand down
War anticipation
What do they need to do
War measures act 1914
Cabinet dictatorship
If they decide to do that and the governor general signs it is law until the
emergency is act
Government can do what it want
Power over Business / Economy
Cost of living controller
War trade board
Wartime grain board
Finance act as central bank
Purchase of CNOR and GTPNT
Railways -> Canadian national railway
Purchasing war materials
Wartime Materials
More government business booms after uneven start
Early on they get burned but by 1914 – 1915 we work things out
Imperial munitions board run by Joseph Flavelle
Contracts with 600 firms / 25000 workers
He is no fan of labor but tries to orchestrate this new circumstance
After this short term decline it takes off
IMB spending all milking Ontario and Quebec reinforces previous
assumptions
Government spending during the War
Money into private sector
National factories – crown corporations
190 – 800 million
You're Reading a Preview

Unlock to view full version