The First World War and The Roaring '20s
Canada played an extraordinarily large role in the First World War relative to its size. It sent over hundreds of thousands of troops, and was also the granary and arms producer for the allied side. This led to a further boom on the prairies as wheat prices skyrocketed. The rest of the country, even the Maritimes, benefited from an increase in manufacturing.
The immediate post-war years saw a short, but severe, recession as the economy readjusted to the end of wartime production. By 1921, the Canadian economy was back on its feet and rapidly expanding. In the 1920s, there was an unprecedented increase in the standard of living as items that had been luxury goods such as radios, automobiles, and electric lights—not to mention flush toilets became common place across the nation. The boom lasted until 1929.
Read more about this topic: Economic History Of Canada
Famous quotes containing the words world, war and/or roaring:
“If the world is a precipitation of human nature, so to speak, then the divine world is a sublimation of the same. Both occur in one act. No precipitation without sublimation. What goes lost there in agility, is won here.”
—Novalis [Friedrich Von Hardenberg] (1772–1801)
“In peace the sons bury their fathers, but in war the fathers bury their sons.”
—Croesus (d. c. 560 B.C.)
“I’ll read you matter deep and dangerous,
As full of peril and adventurous spirit
As to o’erwalk a current roaring loud
On the unsteadfast footing of a spear.”
—William Shakespeare (1564–1616)