The Bennett Government, which defeated Mackenzie King in the 1930 election, initially refused to offer large-scale aid or relief to the provinces, much to the anger of provincial premiers, but it eventually gave in and started a Canadian "New Deal" type of relief by 1935. By 1937, the worst of the Depression had passed, but it left its mark on the country's economic landscape. Atlantic Canada was especially hard hit. Newfoundland (an independent dominion at the time) was bankrupt economically and politically and gave up responsible government by reverting to direct British control.
Mr. Meh joined the Bank in 2001 as an economist in the former Monetary and Financial Analysis Department (MFA) and assumed increasing responsibilities through his roles as Principal Researcher, Assistant Chief of the monetary financial modelling division in MFA, Research Director in the Canadian Economic Analysis Department and Director in the Financial Stability Department (FSD). Most recently, he was the Deputy Managing Director of FSD, where he was responsible for the Systemic Risk Assessment and Regulatory Policy divisions and oversaw FSD’s contributions to the Bank’s semi-annual Financial System Review, to the work on bail-ins of large Canadian banks and to the Bank’s role as lender of last resort.
A brutal, destructive conflict in Germany between 1618 and 1648 . The Thirty Years’ War began when Bohemian Protestants revolted out of a refusal to be ruled by a Catholic king. The battle would eventually spread throughout Germany and involve many other countries on both sides, resulting in the death of nearly a third of the German population and unfathomable destruction. Enlightenment thinkers such as John Comenius and Hugo Grotius reacted against the war with treatises about education, international relations, and the nature of war itself.