History 2120A/B Lecture Notes - Lecture 7: United Mine Workers, Consumer Debt, Social Darwinism

• School: Western University
• Department: History
• Course: History 2120A/B
• Professor: Peter Krats

Document Summary

Lecture 6 the lost years: the great depression. Towards economic disaster the 20s set up the depression. Shift from great britain to a reliance on the usa: 1920s us exceeded 50% of international investment in canada, 90% of exports by end of 20s. Britain still significant, but declining figures: exports still to britain but majority of imports from usa, exports to usa were much smaller than imports trading with usa at a deficit. Montreal and toronto still had new construction and investment in 1930, vancouver growing rapidly following panama canal. Led to ca(cid:374)adia(cid:374) (cid:272)o(cid:374)su(cid:373)ers" (cid:272)o(cid:374)ser(cid:448)ati(cid:448)e i(cid:374)(cid:448)est(cid:373)e(cid:374)t i(cid:374) sto(cid:272)k (cid:373)arkets. Level of domestic investment does not reach the billion-dollar mark until wwii. Many companies lose 90% of share value, majority lose at least 60% of value. Canadian income and american fall worse than any i. e. british incomes only dip 10% than rise back. Competition impacts canadian commodities; newsprint and wheat prices plummet.