POLS 3125 Lecture Notes - Lecture 13: Pension, Canadian Prairies, Ship Floodability
11 Nov 2017
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Market instability: positive and negative aspects. Gradual decline in exports: 1917, 37% of gdp, 1921, 24% of gdp. High levels of inflation: by 1923, economy recovering for som. No central bank: bank of montreal carrying out central bank functions, concentration of bank assets into hands of 3 major banks. Increase in taxes to pay for wartime debts. The shift in economic dependence: changes in the pattern of destination for canadian exports and changes in the sources of capital imports: capital imports: as percentage of total capital import. Uk (1910-1930; 77%-36%: change in the direction of canadian exports: in 1923, canada for the first time exported more to. The rise in american ownership of selected industries: as percentage of total ownership (1920). Electrical apparatuses (45%), drugs and chemicals (59%), petroleum refining (63%), automobiles (69%). Background: the 1920s: urbanization: economic development and uneven distribution of population.
