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Alberta Online Encyclopedia

Recession

From 1900 to 1912, unprecedented levels of public and private investment financed Edmonton's expansion as a transportation, industrial, and commercial centre. Many people moving to Edmonton also contributed to its growth. The recession of 1913 and World War One, however, brought an end to this flow of investment and immigration and thus an end to Edmonton's boom town psychology. Edmonton suffered when financial, human, and material resources were taken from frontier development and put towards the war effort because few war-related industries were developed in Edmonton.

Boosterism was replaced with patriotism as future expansion was deferred in the interest of winning the war.

This article is extracted from John Gilpin, Responsible Enterprise: A History of Edmonton Real Estate & the Edmonton Real Estate Board. (Edmonton: Edmonton Real Estate Board, 1997). The Heritage Community Foundation and the Alberta Real Estate Foundation would like to thank John Gilpin and the REALTORS® Association of Edmonton for permission to reproduce this material.

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