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Outlines Devante & Ajjan P4.

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Presentation on theme: "Outlines Devante & Ajjan P4."— Presentation transcript:

1 Outlines Devante & Ajjan P4

2 Essay Question # 4 Compare and contrast the role of government intervention in Canada and the US in Canada (IB Packet ) US (New Deal, Great Depression, …)

3 Thesis Compare and contrast the role of The US and Canada’s governments intervened with the countries issues either in a similar tactic or completely different over the effects of the Great Depressions in

4 Historical Perspective
Brinkley and IB packet…? Both countries had bad economy during the depression People were laid off, and people salary was cut

5 BP1: Contrast Economy Economy
United States Economy Relief Programs were created with the NEW DEAL Failed because government wasn’t getting any benefit (Roosevelt) Emergency Banking Act: Closed banks for 4 days. Congress stabilized large banks, gave the Federal Reserve Bank additional powers, took the dollar off the gold standard, and mandated inspection of banks by the Treasury Department before they reopened (Brink 684) Canada Economy Royal Twenty Centers unemployed men directed to work camps operated by Department of National Defense (IB 213) Raise of Taxes in Montreal was a failed plan and increase issue more(IB 213) (Bennett) Central bank of Canada started to coordinate governments monetary policy. (IB 214)

6 BP2: Contrast United States Acts Glass Steagall Act: gave government authority to curb irresponsible speculation by banks FDIC: guaranteed all bank deposits up to $2,500 -Federal Reserve Policy: Supported by Hoover, reduced government spending. People would help people, member of society would fix the problem themselves. Hawley-SMoot Tariff: June 1930, in attempt to save domestic producers. Canada Acts British North America Act – Allowed complete control of Canada & Laws (IB 212) Canadian Wheat Board – Rationalize grain market and shelter prairie farmers

7 BP3: Compare Economic Leaders
Many countries (Canada & US…etc) were building higher tariff walls after the stock market crash (IB 211) Was effort to protect their own industries, blocking potential markets for Canadian Agriculture and manufacturing products (IB 211) US passed the Hawley-Smoot Tariff Act (IB 186) Using money for relief programs (IB 213) US doing the same…Programs went to white men first leaving behind many black families homeless & Black Cabinet Leaders (Bennett) People were of laid off and budget was slashed, and pension were also reduced (Roosevelt) Economy Act: Attempted to balance the federal budget by cutting salaries and reducing pensions. (Roosevelt) New Deal… Increased Federal authority over previously unregulated or weakly regulated areas of economy. (Bennett) New Deal but more aggressive wanting more

8 Thank You


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