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Published byEarl Craig Modified over 7 years ago
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ROARING 20s: IN REVIEW Small town feared the Big City…
- This is a time of growing urbanization, leading to fears of bad morals, changing lifestyles and new technology. THINGS INVENTED IN THE 1920s BAND-AIDS INSULIN (invented by a Canadian) TECHNICOLOR (invented, but not widely used) TRAFFIC LIGHTS
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ROARING 20s: IN REVIEW THE KKK were Protestant, anti-white, anti-immigrant supremacists. KKK SYMBOLS CONFEDERATE FLAG LOGO (blood drop symbolizes Jesus)
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ROARING 20s: IN REVIEW 18th Amendment made alcohol illegal in the United States LEADS TO THE RISE OF ILLEGAL ACTIVITIES
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ROARING 20s: IN REVIEW 18th Amendment made alcohol illegal in the United States LEADS TO THE RISE OF ILLEGAL ACTIVITIES SPEAKEASIES were illegal underground bars.
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ROARING 20s: IN REVIEW Al Capone ran a $60m booze and prostitution empire.
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ROARING 20s: IN REVIEW Women were given the right to vote in Canada and the United States Famous Five’s “Persons Case” helped show that women were eligible to sit in Canadian Senate. 1929
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ROARING 20s: IN REVIEW Radio became important. In the United States, NBC and CBS were the two biggest networks.
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ROARING 20s: IN REVIEW OPTIMISM: Charles Lindberg flew across the Atlantic Ocean non-stop. Wall Street became the financial capital of the United States.
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ROARING 20s: IN REVIEW OPTIMISM: saw a 70% increase in stock prices.
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INDEPENDENT DEPENDENT Canada was more independent of Britain
Canada was more dependent on USA Received a place in the League of Nations King-Byng crisis (1925) was the last time a G-G has ever disobeyed the wishes of a PM. Balfour Report said that dominions of Br. Empire were “equal in status” to Britain. Statute of Westminster created the British Commonwealth. Canada had been granted autonomy – the right to self-rule. Canada has its own rules about liquor – or lack thereof! Canadian artists (Group of Seven, Emily Carr) begin exploring Canadian identity. Big Three Auto companies run most of automobile manufacturing in Canada. Canadians listen to American radio and music, follow American fashions. Canadian liquor industry dependent on American crime. Ku Klux Klan comes to Canada.
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Despite the Roaring nature of society, the war had done a lot of damage. MAJOR PROBLEMS
Hoarding money Agriculture Industry Lower-class income Tariffs & Trade Stock Market Crash = the economy HALTS
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HOARDING MONEY Hoarding and Saving are different. First, let’s look at how SAVING WORKS
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AGRICULTURAL INDUSTRY
The agricultural industry had been used to producing LOTS and LOTS of product. However, after the war, they were left with all sorts of extra product and no market for it.
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AGRICULTURAL INDUSTRY
Europe was too poor to buy goods. Soldiers didn’t need farmed goods anymore.
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AGRICULTURAL INDUSTRY
Many farm employees had died in the war.
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AGRICULTURAL INDUSTRY AGRICULTURAL INDUSTRY
Urbanization created new problems. Granville St. in Vancouver, 1920
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AGRICULTURAL INDUSTRY
In the US, farm income declined 60%; 1/3 lost land
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LOWER-CLASS INCOME “Wage Gap” grows – for example, Henry Ford’s personal income was $14 million in a year when most people earned $750!
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LOWER-CLASS INCOME Most provinces did not have a minimum wage (except BC, in 1925) Many people lived close to the poverty line. Union movements of the 1920s had been “shut down” by big businessmen and governments. A drought in the Prairies made life hard for farmers in both Canada and the US, creating the “Dust Bowl”.
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TARIFFS & TRADE America’s Hawley-Smoot Tariff Highest protective tariff made it hard for Cdns to sell goods Farmers couldn’t pay off their loans
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TARIFFS & TRADE Why did they do it? War Debt Allies owed large sums—too large to be paid by their internal reserves Allies demanded reparations from Germany and Austria-Hungary to pay off their own debt Germany and Austria-Hungary in too much economic trouble Allies pressured rich US to reduce debts—US banks began loans to financially liable countries thus progressing the debt American economy weakened with the Crash of 1929 and Allied Countries could no longer borrow money from the US… decline in need for American goods.
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Canadian exports shrank by 50% from 1929 to 1933
Regions and communities hit hardest were those dependent on primary industries such as farming, mining and logging, because commodity prices plummeted around the globe. This meant that even more flooded to the cities to look for work.
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STOCK MARKET CRASH Speculation on the stock markets drove share prices to inflated levels, and the bubble burst when stock markets collapsed in the autumn of Consumer spending dropped, even though prices had been falling. MEANWHILE: Lower-class people were living beyond means Buying on credit = large consumer debt Faced with the inability to pay debt, consumers cut back on spending Big Business’s Increase in Production Saw increase of consumer interest and used profits to expand Expanded capital facilities and saw flourishing economy Wages increased at lower rate than productivity Factories were producing more than consumers could purchase
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