1. Responses to the Great Depression

2. International Responses
Germany & _______________ adopted policies based on Keynesian economics
Under President Hoover, USA maintained its _______________________ approach
Hoover didn’t introduce any _________ measures
Roosevelt campaigned for president by promising a _____________________ to be implemented in his 1st 100 days
_____________________: group of relief measures based on Keynes’ theories
Most early international responses didn’t help (e.g. increased protectionism & tight, balanced budgets)
Early on most governments didn’t realize the full scope of the economic disaster
USA was particularly hard hit by Depression
FDR won the election and some credit him with bringing America out of the Depression (others argue it was the boon to the economy that was WWII)

3. Canada’s Response Ordinary People The Government
Door-to-door ____________
Panhandling
Seek help from churches & _____________________
Riding the rails
On-to-Ottawa Trek
Regina Riot
Vancouver protests
New ________________ like the CCF & Social Credit
Regina Manifesto
Bennett initially raised tariffs by ______%
Banned the _________________ party
Relief camps
Pogey
Bennett’s New Deal
Rowell-Sirois Commission and equalization _______________________
King, prime minister for a short time at the beginning of the Depression, passed off responsibility for relief to provincial and municipal governments. He thought the Depression was a temporary financial downturn.
He lost the 1930 election to R. B. Bennett who was slow to bring relief, but who eventually brought in his own version of the New Deal.
Tariff increases designed to protect Canadian industries just led to retaliatory tariffs in other countries
Complete ID/Sigs for highlighted terms

4. Consequences of the Great Depression

5. Political Consequences:
Unemployment:
As high as __________%
Led to “______________________________________” like employment insurance & welfare
Banking Failures:
Many _____________ went bankrupt as farmers & the unemployed defaulted on loans
People lost their ______________________________
Political Consequences:
Rise of ______________________
New __________________________
Changing Role of Government:
More active role in caring for ______________(e.g. sick benefits)
Increased participation in economy (e.g. raising & lowering _____________________________, taxes, etc. to stimulate or slow growth)
USA had over 6000 bank failures while Canada was comparatively better off due to more conservative banking rules
FDR: “People who are hungry and are out a job are the stuff of which dictatorships are made.”