The Vimy Foundation marks Vimy Ridge Day
Last November, the world commemorated the end of the First World War. But the effects of the war continued well beyond the cessation of hostilities. Over the coming months and years, the Vimy Foundation will continue to keep alive not only the memory of the First World War, but also its effects on Canada.
Reintegrating roughly 10 per cent of the population after five traumatic years in the trenches on the Western Front posed a vast problem to both Canadian society and the Canadian government.
The Great War quadrupled Canadian national debt in the years that it was fought; with the post-war debt ratio reaching close to 60 per cent of the national GDP , much of it financed by domestic bonds purchased by citizens to help support the war effort. After the war, Canada continued to struggle with costs associated with it. The booming war economy was shut down virtually overnight as companies needed to repurpose themselves. Jobs were lost, and the reintegration measures were expensive.
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