Tuesday,Febraury5

Tuesday,Febraury5 - Tuesday, February 05, 2008 1....

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Tuesday, February 05, 2008 1. Statistics and Economics a. Not just black Tuesday, October 29,1929 b. The international context: European difficulties i. No single cause of depression ii. Prior to fall of NSX there were failures in Europe as well iii. Although the crash was unexpected there was no alternatives iv. Canadian and American governments made matters worse my raising tariffs and cost of goods by 1929 crash v. Other economies were cutting back on import of Canadian goods vi. American economy often affected the Canadian economy vii. 1928/29-prior to black Tuesday the net farming for Manitoba, Alberta and Saskatchewan 363 million however when the markets in Europe crashed and there was no where to sell wheat the profit was -3.1 million (1932/33). c. The domestic context: a paper economy i. MacDonald’s economic policy was to combine east and west ii. This would carry over during the depression d. Economic stagnation= no new capital investments= now new employment= lessened confidence=viscous cycle i. 1933 was the height of great depression ii. 25% of pop was out of work
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Tuesday,Febraury5 - Tuesday, February 05, 2008 1....

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