A look at the factors that led to the establishment of the Central Bank of Canada in 1935.
Written in 2006; 1,800 words; 6 sources; $ 71.95
Paper Summary:
This paper points out that any of a number of factors can be used to explain the rise of the Bank of Canada in the middle 1930s. The paper then suggests that, even after examining all of the questionable initiatives advanced by the Canadian government and by Canada chartered banks throughout the late 1920s and into the 1930s, it must still be said that excessive cash borrowing and excessive or just plain wrong-headed credit dispensation lay at the heart of the decision to create a central bank that would control and regulate the Canadian banking industry.
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