HIS 2364 Lecture Notes - Lecture 4: Measures Of National Income And Output, Direct Relief
14 Apr 2014
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Lecture 4 - prime minister bennett and the great depression, 1930-35. Pm bennett"s initial response: an aggressive plan of action, the crisis expands and deepens, desperate times desperate measures. The bennett government unravels: farm and small business communities revolt, h. h. Stevens reconstructed party: bennett"s impoverished new deal. The 1935 election and beyond: the end of bennett and the new deal. Middle class canadians, rural and urban, experienced a decade of remarkable growth and some prosperity in the 20"s. The october, 1929 crash on wall reverberated around the world. Unemployment (official, non-official often way higher) ranged between 10-30 percept during the decade. Safarian"s, the canadian economy in the great depression (1959) provides a comprehensive explanation for the severity and longevity of canada"s. Unique nature of canada"s economic expansion: 1900-30: economy far too dependent on exports of cereal grains and natural resources: boom and bust sector, over expansion of canada"s public and private railroads.
