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Cadana : Ottawa Conference 1932 - Edward, Prince of Wales 5¢
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18-October-2014 04:05:07 PM
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GENERAL INFORMATION
Country
Canada
Type
Stamp (Single)
Class
Commemorative
Front Inscription
CANADA 1932 POSTES 1932 POSTAGE OTTAWA CONFERENCE 5 CENTS 5
Face Value
5 cent
Issued Date
12/07/1932
Printing Method
Intaglio / Recess
Quantity Issued
8,300,000
Gum
Gum
Perforation Gauge
11
Perforation Type
Normal Perforations
IN COLLECTION CONDITION
Preliminary
Normal
Condition
Mint Never Hinged - Extra Fine
CATALOG INFORMATION
CA 160
Michel Briefmarken Katalog
Cadana : Ottawa Conference 1932 - Edward, Prince of Wales 5¢
Edward Albert Christian George Andrew Patrick David; 23 June 1894 – 28 May 1972

British Empire Economic Conference

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 inOttawa.

The conference saw the group admit the failure of the gold standard and abandon attempts to return to it. The meeting also worked to establish a zone of limited tariffs within the British Empire, but with high tariffs with the rest of the world. This was called "Imperial preference" or "Empire Free-Trade" on the principle of “home producers first, empire producers second, and foreign producers last”. The result of the conference was a series of bilateral agreements that would last for at least 5 years. This abandonment of open free trade led to a split in the British government.

The conference was especially notable for its adoption of Keynesianideas such as lowering interest rates, increasing the money supply, and expanding government spending.

The United States was annoyed by the implementation of Imperial Preference as it affected them economically.

It was the last Imperial Conference that any Irish government ever participated in.
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