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Economic change in Canada from 1914 to 1929
Canada's debt had started a little bit before WW1 and quickly escalated because of it. In 1914 there was a drought of wheat and framers had started to lose money because of it. But thankfully in 1916 they introduced the Imperial Munitions Board where it allowed Men and women at home to work and make money. -
Economic change in Canada from 1914 to 1929
After the world war canada didn't have that much money and couldn't afford many things. During 1914-1915 50,000 railway workers lost their jobs because canada couldn't afford for them to work. Sadly canada dept continued after world war 1 and had to pay 164 million a year totaling $1,665,576,000 because of this war. -
Economic change in Canada from 1914 to 1929
Like most places canada thought the war would be short but they were very wrong. This lead to massive debt in canada. Canada had to layoff many employees and also took loans from britain and USA. Canada's pre-war budget had gone from $185M to $700M by wartime. And their debt totaled over 1.665B dollars. -
economic change in Canada from 1914 to 1929
Coming back from WW1 alive was lucky but the people that did survive and go back to work had trouble finding jobs, or using their benefits. A lot of veterans would have to take low paying jobs just to make money. Also by 1918 canada was 2 billion dollars in debt and that's not counting the money they needed to support the returning veterans. -
economic change in Canada from 1914 to 1929
The economy had changed heavily after the world war and a lot of this has to do with who was working. They said that there was a lot more women doing “men's jobs”. They were primarily in Ontario and Quebec. Many of the women who took these jobs already worked they just wanted better pay. -
economic change in Canada from 1914 to 1929
After WW1 finished the government had to provide the war veterans benefits like the doctors. A solution was their but not for long there was a private charity that provided hospitals, sanatoria, and vocational training. But lucky for the vets in 1919 they started a pension act that would continue through the 21st century. -
economic change in Canada from 1914 to 1929
After the first world war, people were eager to enjoy their new life, and that's where all the new inventions came in. But it wasn't great for everyone as some farmers did not have enough money so they moved to find new jobs. Then because of that in the early 1920s 50% of people were unemployed. -
economic change in Canada from 1914 to 1929
During this time canada's industrial had extremely advanced, they did this with “export booms” during this time they made cars and aluminum, paper and pulp, and radio and home appliances which helped spark many more advancements in technology -
economic change in Canada from 1914 to 1929
In the 1920s the booming US economy affected canada's economy too. The demand for minerals and pulp was their and this made tons of Canadians move into the northern forest and onto the canadian shield where there was tons of minerals.
