Jacqui Yang Billy Chen Marcus Li Nicholas Glavas Economy in 1920s Jacqui Yang Billy Chen Marcus Li Nicholas Glavas

Introduction Canada was finding itself as a nation as a young global power after first world war Earned recognition, allowed it to be seen as more than a piece of the British Empire

Booming Economy-1920s Central and Western Canada had begun to recover and entered a great period of growth Agricultural production increased in the Prairies and mining activity increased in Central Canada and BC Increased trading with US due to the large demand for pulp and paper, also, avoid a tariff on products imported to Canada

Electricity was in wide-spread use in Canada’s urban cities Employment increased, more workers could afford to buy new technologies Start of a consumer society

Wheat on the Prairies The Prairie provinces enjoyed huge wheat crops from 1925-1928 World price of wheat moved steadily upward Some farmers organized wheat pools and cooperatives to loan money to other farmers at lower interest rates than eastern Canadian bankers charge

Pulp and Paper Production of newsprint became Canada’s largest industry after agriculture Most of the American sources of pulpwood were in decline, and thus US provided a ready market for Canadian pulpwood However, this boom had affected Canada’s forestation Canadian economy also became increasingly dependent on the export of raw materials

Hydroelectric power Quebec and Ontario saw a dramatic increase in the production od hydroelectric power in the 1920s People were demanding electricity for their homes, especially when a new electrical appliances became available

Oil & Gas The 1920s were also = The “ Oil Age” In October 1924, oil speculators struck in Alberta which drilled one million barrels of oil and large quantities of natural gas

Mining Exciting New mining were made in the 1920 Large deposit of copper were found in the Canadian Shield near Noranda and Northern Manitoba By 1929, Canada was producing almost 80% of the world’s supply of nickel

Foreign Investment After World War I, American foreign investment in Canada increased Theses American investors introduced a branch plant system, in which an American parent company produced the same products in the United Stated, however a Canadian branch plant was able to produce the same products with a “made in Canada” label

Stock Market People from every walk of life and almost all economic classes began to put money into the stock markets in 20s By 1928, a stock market boom had begun

What cause the stock market crashed in the 1920s?

After the Crush A whopping 400,000 were unemployed, and many people who did have jobs were earning les than subsistence pay In Toronto, a family of seven received food vouchers worth $7 a week In Saskatchewan, a family of five was given 10$ a month, along with a 98-pound sack of flour

Tariffs 1920s, about 25% Canadian Gross National product derived from exports The federal government introduced tariffs to protect Canada’s manufacturing and industrial base High Tariffs Chocked of International Trade

Video https://www.youtube.com/watch?v=Xn6UYT6_gfI

Conclusion The economic boom made life easier for many Canadians and in some ways it brought people together

Thank you !