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Lecture 6

W6 Enterprise;Bennets New Deal.doc

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Department
History
Course
History 2125F/G
Professor
Peter Krats
Semester
Fall

Description
TEN LOST YEARS: THE GREAT DEPRESSION • circumstances and causes • economic crisis • reactions keynesianism arrives - sort of • • workers cope with bus after boom TOWARD ECONOMIC CATASTROPHE • Canada remains greatly on outside capital even though it is moving towards the US and Britain • uneveness of capital made things uneasy • rapid growth in Vancouver • wall street crashing was not the cause of the depression - was only a symptom • this created a huge amount of uncertainty and because oft that people pulled out • stock markets had been built to fail - free market, no regulation at all • stock markets were a huge mess • over capacity • dealing with the depression - let the tariffs work • not my problem - helping is wrong • new ideas laissez faire vs capitalism • some relief work - boondoggling - jobs
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