HIST 2500 Lecture Notes - Lecture 17: Blue-Collar Worker, Money Supply, Settlement Plan
2 Feb 2017
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Document Summary
By the mid 1920s, there were two prominent changes in the canadian economy: greater role of manufacturing. More canadians move into cities to take advantage of these opportunities: change in compensation of the workforce. By 1931, less than 29% reported working in agriculture- more were involved in. White collar jobs rather than blue collar jobs (manual labour) News of stock market crashes, unemployment, etc. were not unprecedented- Canadians expected about a year of economic downfall, but would rebound like the previous recessions. Experienced greater levels of unemployment than ever before. The longevity of the recession (usually 1-2 years, but the great depression lasted. Canadians believed that it was a collapse of industrial capitalism. By 1933: 19. 3% unemployment in canada (about 1 in 5 working-class canadians out of work) Canada"s economic collapse was mainly because of the downfall of the us economy; they have a vital relationship in terms of economic ties. 29 october 1929- new york stock market crashes.
