1
World War 2 Boosted Economic Growth In Northern
BC
Name
Course
Instructor
Institution of Affiliation
Date of Submission
, 2
Generally, the effects of any war are termed to be negative. This is a fact. The Second
World War negatively affected Canada in the twentieth century. The war started when German
invaded Poland in September 1939. Over forty thousand people lost their lives while over one
million were put on a uniform and made to serve in the air, land, or seas. During the conflict, the
Canadian people were victims of direct attacks in the war of St. Lawrence and the shelling of a
lighthouse at Estevan Point in B.C. This conflict transformed the nation politically, socially,
culturally, and economically. Though the other aspects could have been affected negatively
economically, the impact of the war was positive. The real G.D.P. rose almost twice as rapidly
as over any other period before. The chronological period for this study would be between 1945
to 1980, which represents the period where major developmental activities were proposed and
put into action. Before World War 2, manufacturing activities had begun to increase in Northern
BC, and many plans for the post-war boom were being executed as the Second World War
continued. But due to the shortage of materials and labor owing to the war, no major
developments were achieved before 1945. From 1945 the developmental expansion continued
though interrupted by short-lively downturns. At this point, a different approach to
developmental affairs led to Northern BC's economic expansion. The main aim of this study is
to outline and explain the major causes of the economy boom experienced in Northern BC after
the world war 2.
An increase in investment led to a positive change in the economy. The investment levels
in Northern BC were twice as high between 1950 and 1970 as in any period before. Research has
shown that increasing the gross investment share of G.D.P. by any percentage increased the
economic growth rate1. After World War 2, many gaps were left behind, and there were
1 Eichengreen,
Barry. "Institutions and economic growth: Europe after World War II."
Economic growth in Europe since (1945): 38-72.
World War 2 Boosted Economic Growth In Northern
BC
Name
Course
Instructor
Institution of Affiliation
Date of Submission
, 2
Generally, the effects of any war are termed to be negative. This is a fact. The Second
World War negatively affected Canada in the twentieth century. The war started when German
invaded Poland in September 1939. Over forty thousand people lost their lives while over one
million were put on a uniform and made to serve in the air, land, or seas. During the conflict, the
Canadian people were victims of direct attacks in the war of St. Lawrence and the shelling of a
lighthouse at Estevan Point in B.C. This conflict transformed the nation politically, socially,
culturally, and economically. Though the other aspects could have been affected negatively
economically, the impact of the war was positive. The real G.D.P. rose almost twice as rapidly
as over any other period before. The chronological period for this study would be between 1945
to 1980, which represents the period where major developmental activities were proposed and
put into action. Before World War 2, manufacturing activities had begun to increase in Northern
BC, and many plans for the post-war boom were being executed as the Second World War
continued. But due to the shortage of materials and labor owing to the war, no major
developments were achieved before 1945. From 1945 the developmental expansion continued
though interrupted by short-lively downturns. At this point, a different approach to
developmental affairs led to Northern BC's economic expansion. The main aim of this study is
to outline and explain the major causes of the economy boom experienced in Northern BC after
the world war 2.
An increase in investment led to a positive change in the economy. The investment levels
in Northern BC were twice as high between 1950 and 1970 as in any period before. Research has
shown that increasing the gross investment share of G.D.P. by any percentage increased the
economic growth rate1. After World War 2, many gaps were left behind, and there were
1 Eichengreen,
Barry. "Institutions and economic growth: Europe after World War II."
Economic growth in Europe since (1945): 38-72.
