Transcript WWI and Canada’s Economy - Canadian History ~ CHC2D

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)
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
However, because most products and
resources were going to help the war effort
there were shortages of goods. As a
result, prices went up.
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
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!
The end 