Monday, May 3, 2021

Canadas great depression

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Many people did not see the


Great Depression coming,


Including Politicians. All of


them had been caught up in Order Custom Canadas great depression paper


the long run of prosperity in


the 10s. Prime minister


King thought that the stock


market crash in October 1Prime Minster King


would only be temporary for


Canada's economy. The fall of wheat prices at the time was more troubling for the country, but price swings were part of the business cycle and did not shock Canada's leaders. The rising number of unemployed workers could also be explained as part of the business cycle during poor economic times. Many companies often laid off workers for one, two, or even three months every winter and rehired them in the spring. With all these problems going on in the economy Mackenzie King still remained confident that the economy would correct itself and planned for his next election in 10


10 Election; King vs


Bennett


Prime minister King faced a


new opponent in the leader


of the Conservative party.


Richard B. Bennett, a


Millionaire lawyer from Calgary.


Bennett had been elected leader of


the Conservative party in 17 and


was ready to pour $ 600 000 of his


own money to defeat King and the


Liberals. Prime Minister King believed


that he could win the election for these


reasons he lowered taxes, achieved a


balanced budget, and increased trade


with Britain. He thought his government


had done a good job since 16 and the


country prospered.


Canada's economy had not recovered in


the spring of 10. Unemploymentremained high in many cities, and the drought reduced job opportunities and


income for many people. King did not increase taxes or borrow money to help the unemployed. Richard Bennett proposed a different image to Canadian voters in 10. He went across the Country giving speeches in which he promised to increase tariffs against any country that raised tariffs against Canadian products, and promised millions of dollars to the provinces for building projects and for relief of the unemployed. The election was held on July 8, 10 and voters


Rejected King and voted for Bennett. Bennett quickly kept his promises by passing laws to grant $0 million in emergency aid to the provinces. Prime Minister Bennett's attempts to solve the problems of the Great Depression were not enough and did little to help the unemployed.


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