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WWI and Canada’s Economy

WWI and Canada’s Economy. Economy = the wealth and resources of a country or region, especially in terms of production and consumption of goods. Canada’s economy was experiencing a period of great prosperity and rapid economic growth ( BOOM )

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WWI and Canada’s Economy

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  1. WWI and Canada’s Economy

  2. Economy = the wealth and resources of a country or region, especially in terms of production and consumption of goods.

  3. Canada’s economy was experiencing a period of great prosperity and rapid economic growth (BOOM) • The Canadian government quickly organized factories to help produce war materials such as airplanes, shells, and ships (manufactured goods) • The government also urged Canadian farmers to increase their production  the wheat crop of 1915 was the largest EVER

  4. However, because most products and resources were going to help the war effort there were shortages of goods. As a result, prices went up.

  5. To deal with this the government began introducing controls that limited when, what, and how much of certain items Canadians could use • For instance, meatless Mondays, fuel less Sundays, and honour rationing

  6. The war also cost a lot of money (by 1918 $1 million per day); as a result, the Canadian government introduced ways to raise money such as: • Victory Bonds • Thrift Stamps • Income tax  originally a temporary measure but still with us today!

  7. The end 

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