Depression, Dust & Dictators. The 1930 s in Canada & Abroad

Transcription

1 Depression, Dust & Dictators The 1930 s in Canada & Abroad

2 Class Outline: 1. Intros/ Attendance 2. Two-Truths/ One-Lie 3. About You 4. Classroom Expectations 5. Intro to the The 1930s 6. The Crash

3 2 Truths/ 1 Lie Which of the following is a lie? 1. I spent 3 months backpacking around Europe. 2. I have a brother who is a published author. 3. I have been zip-lining 100+ times.

4 2 Truths/ 1 Lie Which of the following is a lie? 1. I m a huge cat lover and currently have a cat named Peanut. 2.I play bass and have been in several fairly terrible cover bands. 3. I speak 3 languages: English, French and German.

5 2 Truths/ 1 Lie Which of the following is a lie? 1. I was kicked out of pilot training because I am colourblind. 2. I once had to chase a bear away from a group of terrified 5 year-olds. 3. I m visible multiple times in the movie Like Mike 2.

6 Expectations: Respect Bathroom Policy? Absent/Late Policy? Late/Missing Work Food/Drink Availability

7 About You Fill in your Cue-Card with: Your Name Your Learning Style (Don t worry if you don t know) Your Favourite Subject Favourite Colour (this one is key) 3 Things About You Anything Else I Should Know

8 My Website: mrwatkinssocialstudies.weebly.com

9 Depression, Dust & Dictators The 1930 s in Canada & Abroad Date

10 Big Questions: 1. What were the effects of the Great Depression on the average Canadian? 2. How did the global politics of the 30 s lead to the Second World War?

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13 Think-Pair-Share: What do you already know about the 1930 s? How does it compare to the 1920 s?

14 The Great Depression For the entire decade of the 30 s Canada entered an unrivalled economic depression Canada s GDP fell by 40% It left up to 1 in 4 Canadians out of work for those with jobs, wages often fell dramatically Huge number of business close 1 in 5 Canadians were dependent of Government aid

15 The Dust Bowl The Great Depression also coincided with a massive draught in the Prairies The lack of rain turned soil to dust, almost nothing could grow The high winds of the prairies blew up the dust in devastating Dust Storms Thousands of farmers lost their livelihoods, and had to abandon their farms Others faced bankruptcy

16 Rise of the Dictators The 1930 s would also see the rise of new ideologies and powerful dictatorships Nazi Germany comes to power under Adolf Hitler Jospeh Stalin rises to lead the USSR Japan begins aggressive expansion under Emperor Hirohito Dictators take over in Italy & Spain as well

17 Economic Basics: Supply & Demand In capitalist economies production and prices are determined by supply & demand Supply= How much of a product is available Demand= How much people want to by a product If supply is high and demand is low products are cheap If supply is low and demand is high products are expensive

18 Economic Cycles Because the market is based on supply & demand the economy tends to go through cycles Example: We have a shortage of wheat so the price of wheat goes up Because of the high price more people begin producing wheat to get in on the profits This leads to a boom But soon since there is more wheat than needed, the price drops People lose their jobs this is a Recession

19 1929: Recession Vs. Depression Recessions are a natural part of the economic cycle However, in 1929 a number of of factors served to make the recession much worse than ever before When this happens it is called a depression

20 Stock Speculation During the boom years of the 20 s, investors were making tons of money on stocks Seeing all the money being made, more and more people wanted to get in on it So, investors began borrowing money from banks which they would then invest in stocks This is called SPECULATION basically it is gambling with borrowed money People also by consumer goods on credit for example, cars

21 1929: The Perfect Storm In October of 1929 for multiple reasons, many big investors began cashing in their stocks This scared the other investors, who also began rushing to cash theirs in The rush to cash stocks dropped their prices and then crashed the market Because much of this money was borrowed from banks, and now could not be paid back, the banks began to fail as well

22 Effects for Canada Following the collapse of the NY Stock Excange, the Toronto & Montreal Exchanges collapse too The US was our biggest trading partner, with their economy collapsing our did as well Though few Canadians had much invested, the crash effected everyone Canadian companies cut back productions & laid of workers Vicious cycle: fewer people working = fewer people purchasing = fewer people working

23 Tariffs Tariff = A tax on imported (foreign) goods used to make local goods the cheapest option Called Protectionism Once the US economy crashed they began introducing tariffs on Canadian goods & raw materials This drove up the price of Canadian goods, and further slowed down production Canada responded with Tariffs of their own

24 Conclusion: The 30 s were a tough decade for the average Canadian It was a decade that saw the rise of extremism around the world