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What Was The Role Of The Economy In The 1920s

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What Was The Role Of The Economy In The 1920s
After First World War ended soldiers returned home with no jobs and found that the cost if living had risen. However, as industry became more efficient, assembly lines products could be manufactured with the development of quicker and for less money, and the Canadian demand for products grew. The economy started to boom, all due to jobs, price cuts and manufacturing opportunity.
The 1920s saw the development of the car industry. Industries developed mass production during the 1920s products could turn out more quickly for less money, this changes of manufacturing process meant that cars and trucks could produce more cheaply. As price dropped, more people could afford them. By 1927, Ford Company sold over 15 million Model T’s internationally, Vehicle in Canada jumped from 300,000 in 1918 to 1.9 million in 1929 in Canada. Henry Ford wanted to make a cheap car that almost anyone could afford to buy. Automobiles had the highest influence on the public and economic life for Canadians.
…show more content…
Canadian economy benefited from the U.S economy, U.S needed Canada’s natural resources. In 1913, Canadian newspaper printmaking was less than 20% of U.S. production, but by 1925 it had beaten the last. By 1939, it was 3.5 times as large. Newsprint production, which was less than 300,000 tons in 1913, it reached more than 3,600,000 tons by 1937. Most of Canada’s economy benefited from the trade especially from the U.S and Canadians wanted the trade to continue with U.S. Over time, Canada’s trade is still increasing and it’s regularly done with the

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