Canadian Economy Post WW1

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Presentation transcript:

Canadian Economy Post WW1

Improving Economy Beginning of 1920s – Depression (Effects of WW1 Debt) Mid 1920s – Recovery Wheat was important export Huge growth in Natural Resources exploitation Paper/Pulp Mills, mining, forestry, hydro stations

Trading Improves Pre-WW1 – Post WW1 – Traded mainly with Britain Britain = In debt USA = New World Economic Leader USA investment in Canada INCREASED Trade with USA INCREASED (eg. 75% of newsprint produced exported to USA)

USA & Canada Relations Instead of lend money to Canada (like Britain did)…USA investors setup Branch Plants in Canada Branch Plant – Businesses owned & Controlled by USA companies, but operated in Canada (and provided jobs for Canadians) Benefit for USA…they did not have to pay taxes to “Import” products…because these products were produced in Canada! (eg. Car companies – General Motors, Ford, Chrysler replaced all Canadian Car makers…and did not pay tax in Canada)

USA / Canada cont’d Canadians happy  with USA investments… Long term consequences…”ahh who cares”…nobody thought of this Canada economy based on Primary Industries (harvest raw materials…logging, mining, etc) Raw materials USA used Raw Materials to make new products (Secondary Industries)

Primary & Secondary Primary Industry – extract Raw materials (eg. Mining of lead, zinc, copper, metals)\ Secondary Industry – use raw materials & make new products (eg. Use metals from mining to make cars) Which is more profitable ? Why?

One Manufactured Product Canada exported 1 manufactured (processed) product to USA Post WW1 ILLEGAL ALCOHOL (Bootlegging to USA) (Prohibition = NO ALCOHOL SOLD) Prohibition took place in both Canada & USA during WW1 Canada Prohibition ended in 1920 USA Prohibition ended in 1933

Urbanization of Canada Growing economy & manufacturing sector in Canada => more people move to city for jobs ALSO…farming & technology = less labour workers for farming (because of machinery)…less people needed in rural farm area Modern Canadian cities formed this time (Vancouver, Toronto, Ottawa, Montreal)

Problems that occurred.. Slums (homeless/poor people concentrated) Pollution (from factories)