![AN19700186-166 [PCDN=3158-2011-0230-086]](/web/20061029142443im_/http://www.warmuseum.ca/cwm/newspapers/canadawar/images/war_eco_control_e_min.gif)
Be patient, some goods are scarce
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The War Economy and Controls
The government took full control of the economy, and turned it
into a war-winning weapon. It established C. D. Howe's Department
of Munitions and Supply and the Wartime Industries Control Board,
both in the spring of 1940, and applied tough wage and price controls
in 1941. It lent money to Britain interest-free, gave it a gift of
war supplies in January 1942 and then donated surplus production
to Canada's through the Canadian Mutual Aid Board. Canada
was making war production available to the Allied countries which
could not afford to buy it.
The country was wealthy. Everyone who wanted to work could. There
were, it was true, limits on wages and restrictions in the choosing
and changing of jobs. There were
also some shortages and rationing of food and other products. Income
taxes, an invention of the First World War, went up. And the government
pushed workers to put their money into Victory loans and savings
schemes. But what a difference it was from the awful, ragtag, Depression-hounded
Dirty Thirties.
Related Newspaper Articles
- Economic Defence Geared Now to Dominion's Needs
The Hamilton Spectator, 19/09/1939
- More Restrictive Orders May Be Passed Before Long
The Hamilton Spectator, 26/11/1940
- Multiplies War Supply Controls
The Globe And Mail, 10/03/1941
- Civilians to Help by Curbing Buying
The Globe And Mail, 08/01/1942
- Radios For Home Will Be Cut Off
The Hamilton Spectator, 25/04/1942
- All Citizens Are Affected by New Rules
The Globe And Mail, 02/11/1942
- Canada to Have Handleless Cups Till After War
The Toronto Daily Star, 21/12/1942
- Holding Down Living Costs
The Toronto Daily Star, 26/02/1944
- Where the Money Comes From / Where the Money Goes
The Financial Post, 19/10/1945
- Britain's Consumers Took the Heaviest Cuts
The Financial Post, 02/11/1945
- War Materials Control Board Now Dissolved
The Hamilton Spectator, 03/12/1945
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