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 the first, world, war and/or roaring:
“In the first of the moon,
All’s a scattering,
A shining.”
—Theodore Roethke (1908–1963)
“In today’s world parents find themselves at the mercy of a society which imposes pressures and priorities that allow neither time nor place for meaningful activities and relations between children and adults, which downgrade the role of parents and the functions of parenthood, and which prevent the parent from doing things he wants to do as a guide, friend, and companion to his children.”
—Urie Bronfenbrenner (b. 1917)
“I have never believed that war settled anything satisfactorily, but I am not entirely sure that some times there are certain situations in the world such as we have in actuality when a country is worse off when it does not go to war for its principles than if it went to war.”
—Eleanor Roosevelt (1884–1962)
“For half a mile from the shore it was one mass of white breakers, which, with the wind, made such a din that we could hardly hear ourselves speak.... This was the stormiest sea that we witnessed,—more tumultuous, my companion affirmed, than the rapids of Niagara, and, of course, on a far greater scale. It was the ocean in a gale, a clear, cold day, with only one sail in sight, which labored much, as if it were anxiously seeking a harbor.... It was the roaring sea, thalassa exeessa.”
—Henry David Thoreau (1817–1862)