- Wheat on the Prairies: Countries in Europe still suffering
from the effects of war were demanding food as a result the price went
up. Canada farmers enjoyed huge crops and as a result made big profits.
This money was reinvested into Trucks, Mechanical harvester, and new
stains of wheat. As a result production increased, grain elevators were
full and prices remained high.
-Pulp and Paper: The U.S. had used up much of its sources of
pulpwood as a result Canadian pulp exports equaled the total exports of
the rest of the world providing many jobs. The boom had a down side as
forests were destroyed, the Canadian economy became dependent on raw
materials and Canadians follow these jobs to the U.S.
- Hydro Electric Power: New industries and people in their
homes made increased demands on hydro power and Canada with it’s vast
river systems soon became the second largest producer of hydro power in
the world
- Oil and Gas: Factories and the increased use of the car put
a huge demand on oil and gas. The discovery of oil in Alberta in 1924
became a great money maker.
* The increased use of hydro and oil and gas hurt the Maritimes which
was a producer of coal, the energy source that was being replaced by
hydro and oil and gas.
