Discuss the importance of Ottawa economic summit
Answers
Answer:
The British Empire Economic Conference (also known as the Imperial Economic Conference or Ottawa Conference) was a 1932 conference of British colonies and the autonomous dominions held to discuss the Great Depression. It was held between 21 July and 20 August in Ottawa.
Explanation:
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The British Empire Economic Conference (also known as the Imperial Economic Conference or Ottawa Conference) was a 1932 conference of British colonies and the autonomous dominions held to discuss the Great Depression.
It was held between 21 July and 20 August in Ottawa.
The conference was especially notable for its adoption of Keynesian ideas such as lowering interest rates, increasing the money supply, and expanding government spending.
The United States were annoyed by the implementation of Imperial Preference as it affected them economically.
It was the last Imperial Conference that any Irish government participated in, and also the last that Newfoundland attended as an independent Dominion.
British Empire Economic Conference delegates attended services at St. Matthew's Anglican Church (Ottawa) 26 July 1932.