The Great Depression. Canadian Economic Expansion in the 1920s. Primary industries such as pulp and paper and mining had experienced growth during the war and continued to expand through the 1920s. Wheat did well during the war but the price fell in 1921 and did not recover until after 1924.
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1933 - 26.6%
1926 - 4.7%
Successive stages of prosperity followed by depression and then recovery are normal for the economy.
The 1920s were marked by unprecedented prosperity.
It was to be expected that prosperity would be followed by a recession.The Business Cycle
Pressured by the provinces for federal financial relief King indicated that he would not provide “ a five-cent piece” for any province with a Tory government.
R. B. Bennett and his Conservatives swept to power on a promise of higher tariffs and an end to unemployment.The Election of 1930
“I will end
or perish in the