1929: william lyon mackenzie king is pm felt the crash was a normal part of the business cycle...
TRANSCRIPT
1929: William Lyon Mackenzie King is PM
• Felt the crash was a normal part of the business cycle
• Believed the government should not intervene in the economy
• Calls an election in 1930
Leader of the Conservatives: R.B. Bennett
• Campaigns across Canada promising to take action
• Bennett promises jobs for everyone willing to work, and high tariffs to protect Canadian industry
"I propose that any government of which I am the head will at the first session of parliament initiate whatever action is necessary to that end, or perish in the
attempt."
– R.B. Bennett, June 9, 1930.
The Five Cent Piece Speech
• King, in response to provincial governments’ requests for relief funding, said he would not give any Tory governments “a five-cent piece”
Bennett and the Conservatives win a majority in the 1930 election
Bennett’s Policies
• Also reluctant to interfere with the economy, but does keep his promises
• Relief Acts set aside millions of $ for emergency relief and, in 1932, create the relief camp system
• Raises tariffs on imported goods
But Bennett’s policies are not effective...
• Unemployment peaks by 1933
• Bennett begins to gradually increase government intervention in the economy:
• 1934 – created Bank of Canada to regulate monetary policy• 1935 – established Canadian Wheat Board to regulate
wheat prices• 1935 – introduced unemployment benefits
“Bennett Buggies”
Bennett’s 1935 “New Deal”
– Abandons his former policies– New social programs – unemployment insurance,
minimum wage, regulation of working conditions, health and accident insurance, old age pension, agricultural support programs
– Goes against his former support of unregulated capitalism – critics said he was making a “deathbed conversion” to win the election
Letters to Bennett
• Read the handout with letters addressed to Bennett, and answer questions 1-7 with an elbow partner.
Class Debate • 2 Sides
• For Bennett Vs. Against
• In your groups support your argument for either being for or against Prime Minister Bennett using Spotlight textbook or any resources learned in class etc.
• Write down on large piece of paper.
Relief Camps
• As provinces and municipalities were overwhelmed with the need for relief, the federal government stepped in and created relief camps for unemployed single males – the transients who had been riding the rods!
On-to-Ottawa Trek
• The On-to-Ottawa Trek was a long journey where thousands of unemployed men protested the dismal conditions in federal relief camps scattered in remote areas across Western Canada.
• The men lived and worked in these camps at a rate of twenty cents per day before walking out on strike in April 1935.
Regina Riot
• The Regina Riot was the culmination of months of protests as thousands of unemployed men moved across the country in what became known at the "On To Ottawa Trek.”
• The men wanted to coerce the federal government into finding them jobs.
Debate Question:
Did Prime Minister Bennett succeed in helping struggling Canadians during the Great Depression?