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War Time Economy Boom - Event 1
The first event that I chose that I believed was historically significant, was the War Time Economy Boom that started in 1914. During this time, Canadian women were forced to join the workforce and work as factory workers and seamstresses. Almost 300,000 Canadian women were engaged in arms production for the war in factories. This event was historically significant because it allowed more jobs to be created, which brought more money into Canada's economy. -
Introduction Of The Patriotic Fund - Event 2
In August of 1914, a man from Montreal by the name of Sir Herbert Ames created the Canadian Patriotic Fund. The CPF was a private organization with the Governor-General as a patron, and the Federal Minister as the finance treasurer. The CPF raised approx. $50,000,000 for soldiers' families. The CPF being created was historically significant as it allowed the families of soldiers to have money to support themselves, and bettered the Canadian economy since people were paying taxes. -
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Economic Change In Canada From 1914 - 1929
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The Creation Of The Imperial Munitions Board - Event 3
In November of 1915, J.W. Flavelle created the Imperial Munitions Board. The IMB was responsible for lettering contracts and producing war materials for Canada and Great Britain. The IMB also created national factories that produced munitions like shells, ships, explosives, and training planes, and this operation needed in 1919. This was historically significant because it created a variety of factory jobs for the people of Canada that didn’t go to war, which bettered the economy. -
American Prohibition And The Liquor Economy In Canada - Event 4
In 1920, temperance activists were mad at how alcohol was negatively impacting the economy. The activists wanted to close all bars to keep people from losing their jobs due to bad behaviour from alcohol abuse, which resulted in prohibition. The main group that started prohibition was the Woman's Christian Temperance Union. This event was historically significant because since saloons were closed, it showed people that closing bars was a “patriotic duty and social sacrifice to help win the war”. -
Growth Of The Stock Market - Event 5
In 1925, the stock market attracted millions of people into buying stocks. During this time, there was a larger bubble in lines of credit, which led to people having more money. People investing in the market occurred, because they thought that they could make their money back no matter what. This event was historically significant, as it allowed millions of people to be employed. This happened because when the value of companies rose, they would expand their operations and hire more people. -
Growth Of The Automobile Industry - Event 6
Since 1926, Canada has had a large impact in manufacturing automobile parts in Southern Ontario. Importing and exporting in the automobile industry has also been one of Canada’s most significant opportunities for employment. Since the growth accord, manufacturing of leather, glass, steel, aluminum, nickel, and the search for petroleum increased which created more jobs. This was historically significant, as it allowed more Canadians to be employed which resulted in Canada having a better economy. -
The Explosion Of Spectator Sports - Event 7
In 1927, the world of sports exploded after a few teams were created. At the time, WWI ended and happiness was kept alive through newspapers, and radio broadcasts. The most popular sports at the time were hockey and football with 5 hockey teams and 13 football teams. This event was historically significant because it allowed many tickets to be sold, and jobs to be created (stadium maintenance, team assistants, broadcasters). This made the economy better since more people were employed. -
The Great Crash - Event 8
In the summer of 1929, Candian companies began producing too much product for too low of a price. On October 24th, 1929 the Dow Jones declined, and over the course of 4 days, 20.4 million shares of stock were sold. The stock market crash was historically significant because it sent Candian banks and companies into bankruptcy, it increased unemployment, it made the middle class financially weaker, and it caused the Great Depression (1929-1939). -
Cause And Consequence
The two events that I feel best demonstrated cause and consequence were The Growth Of The Stock Market, and The Great Crash. These two events best reflect cause and consequence, because The Growth Of The Stock Market attracted people to invest their money in stocks (cause), and after a few years it led to the consequence of The Great Crash, Candian banks and companies going into bankruptcy, increased unemployment, and the Great Depression (1929-1939). -
Continuity And Change
The two events that I feel best-demonstrated continuity and change were the War Time Economy Boom, and The Growth Of The Stock Market. In both these events, new opportunities for employment were brought to Canadians, (continuity). The change was the focus. During the War Time Economy Boom, the focus was on building weapons for the success of Canada during the war, and during The Growth Of The Stock Market, the focus was on personal success (becoming rich by investing in companies).
