How Did The Economy Affect Canada's Economy
Shortly after World War II during 1946-1966 the birth rate rapidly increased, causing there to be a baby boom where over 400 000 babies were born yearly. Canada’s economy was greatly affected by the baby boomers as they expected much more luxury in the average life and they wanted to improve the overall lifestyle of a Canadian.The government in Canada was also affected negatively as the population had a rapid increase causing the political views in Canada to change drastically. As the economy returned to being stable after the Great Depression, the baby boom caused the economy another crash and the Canadian government to suffer. The baby boom caused a significant downfall of Canada’s economy and caused many political issues in Canada.
The baby boomers …show more content…
This will cause a massive gap between the wealthy and the poor. The seniors will need the taxes to be paid as they need health care and other necessities. But the increase in the taxes will make it much more difficult to pay as Canada has a majority of middle class citizens. This will cause many issues in the economy as many citizens will be struggling to pay their bills due to the tax rise. Additionally, due to the immensely increased population there was an extreme change in demands. In Canada, over 400,000 babies were born annually during the baby boom generation, which increased Canada’s population rate by 20%. The most impact that the baby boomers caused was the change in demands. Overall, this more generation expected a much more luxurious life. As there were more babies, the demand of Canada was overwhelmed as they did not have many supplies to create all of these aspects the baby boomers needed. The demand for food increased along with the other essentials. If a country is unable to provide for their citizens then it has a high chance of leading into starvation health problems which will eventually lead to death. Lastly, the GDP was recently brought back
The baby boomers …show more content…
This will cause a massive gap between the wealthy and the poor. The seniors will need the taxes to be paid as they need health care and other necessities. But the increase in the taxes will make it much more difficult to pay as Canada has a majority of middle class citizens. This will cause many issues in the economy as many citizens will be struggling to pay their bills due to the tax rise. Additionally, due to the immensely increased population there was an extreme change in demands. In Canada, over 400,000 babies were born annually during the baby boom generation, which increased Canada’s population rate by 20%. The most impact that the baby boomers caused was the change in demands. Overall, this more generation expected a much more luxurious life. As there were more babies, the demand of Canada was overwhelmed as they did not have many supplies to create all of these aspects the baby boomers needed. The demand for food increased along with the other essentials. If a country is unable to provide for their citizens then it has a high chance of leading into starvation health problems which will eventually lead to death. Lastly, the GDP was recently brought back