How Did The Cause Of The Great Depression In Canada
Last, R.B. Bennet the conservative Prime Minister of Canada had an all right but not perfect solution to the Great Depression. Bennet believed the cause of the Great Depression was business problems. Specifically he believed that Canada needed to stop sending out its resources to other countries and then buy back the finished product. To solve the Depression he wanted Canada to raise its tariffs. By raising Canada’s tariffs, finished products from other countries will become too expensive. This will cause Canadian manufacturers to make more goods and hire workers who will have money to buy more goods. He also knew that other countries would still need Canada’s resources like wheat, minerals and lumber so Canada would still benefit from selling goods.
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By raising the tariffs, Canada would also be raising the prices of goods that are unable to be manufactured in Canada. Also, there will be a period of time during this plan when manufactured goods entering Canada will be too expensive for anyone to buy. It will take a while for businesses to start manufacturing again. During that time, the people will not be able to afford the expensive imported goods and will not be able to purchase those items possibly aggravating or worsening the state of the people. Therefore, this plan had an all right idea but it needed to be executed in a different way. Thus making R.B Bennet not have the right solution to the Great
By raising the tariffs, Canada would also be raising the prices of goods that are unable to be manufactured in Canada. Also, there will be a period of time during this plan when manufactured goods entering Canada will be too expensive for anyone to buy. It will take a while for businesses to start manufacturing again. During that time, the people will not be able to afford the expensive imported goods and will not be able to purchase those items possibly aggravating or worsening the state of the people. Therefore, this plan had an all right idea but it needed to be executed in a different way. Thus making R.B Bennet not have the right solution to the Great