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Mikhail Gorbachev

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Chapter 29

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Overview of Macroeconomics

por JESUS VASQUEZ

the dirty thirties

great depression statistics

the suicide rates were through the roof

25% of workers were unemployed

the dole/pogey relief

government did not make it easy to get

relief pay to those who don't have any source of income

obtaining vouchers was a humiliating voucher

Mackenzie King's 5 cent speech

Canadian government should not give unemployment benefits to provincial governments in Canada with conservative leadership

kings speech was used against him by the conservative party

new parties offer solution(CCF Regina manifesto social credit, union national

to made eradicate the system of capitalism and replace it with a planned socialist economy

provincial equalization payments

its payments that the federal government gives less wealthy Canadian provinces

prime minister Bennet

he gave the people promises he could not fill

cars pulled by horse were the Bennet buggie

he became the focus of anger during the depression

relief camps

to provide medical and shelter for the homeless

designed to provide employment

the stock market crash

London stock market crashes in September, starting the 12 year great depression

the on to Ottawa trek

it was an important step towards unemployment insurance and welfare

helped build a safety net

what caused the great depression

stock market crash

it was mainly caused by underlying problems and imbalance in economic structure

USA/FDR new deal

reforms the industry, agriculture, finance, waterpower, labor and housing

immediate economic relief

dust bowl drought on prairies

over cultivating the soil also played a part in the drought

it was considered the worst drought in history

rise of hitler and the Nazi party

he rose to power as chancellor of Germany and later the leader of Germany

hitler was a German politician

protection and tariff barriers

it increased tariffs on imports

reduced American imports and exports