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Excerpt from The Economic Effect of War Upon Canada: Presidential Address After a long interval, disturbed only by minor conicts, chiey on the borders of civilization, we are now in the throes of a war, incom parably greater than anything which the world has known. The full economic effect upon Canada of this conict and of its financing, in which Canada, as becomes its modern status in the Empire, is now playing a highly responsible role, cannot be adequately determined at the present stage. So much is already obvious, however, that just before the outbreak of Armageddon, Canada was in a condition of reaction from a prolonged period of exceptional prosperity, largely due, it must be confessed, to the expenditure in the country of hundreds of millions of borrowed capital. How far that reaction might have ex tended it is now impossible to say, but it is equally obvious that the reaction has been not only arrested but converted into a condition. It may be of temporary, but at least for a time of actual prosperity. The urgent demand for volunteers for overseas service has relieved the country of the threatened problem of unemployment in many urban centres, while the revival of industry in connection with the great variety of army supplies has given ample employment to all the efficient labour remaining in the country. So far, therefore, as actual conditions are concerned, Canada is once more greatly profiting from a share'of the thousands of millions being expended by Britain and her allies in the present struggle. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may