However, during John George Diefenbaker's prime ministry, a devaluation was made due to the economic crisis and the austerity policy began to be implemented.
(1895-1979) Canadian politician. He served as prime minister between 1957 and 1963. He was born on September 18, 1895, in Grev, Ontario, Canada, and died on August 17, 1979, in Ottawa.
He studied at the University of Saskatchewan. After World War I, he became one of the leading lawyers in the city of Prince Albert and was the Saskatchewan Provincial chairman of the Conservative Party between 1936 and 1940.
John George Diefenbaker (September 18, 1895 – August 16, 1979) was the 13th prime minister of Canada, serving from 1957 to 1963. He was the only Progressive Conservative party leader between 1930 and 1979 to lead the party to an election victory, doing so three times, although only once with a majority of the seats in the House of Commons.
Diefenbaker was elected to the Canadian House of Commons in 1940 and as chairman of the Progressive Conservative Party in 1936. When the Conservatives received the most votes in the 1957 general elections, Diefenbaker formed a minority government on June 21 and became prime minister. Early elections were held in 1958. The Conservative Party won 208 of the 265 seats in the parliament, ending the 22-year rule of the Liberal Party.
However, during Diefenbaker's prime ministry, a devaluation was made due to the economic crisis and the austerity policy began to be implemented. During the Cuban conflict that broke out in 1963, the USA's refusal to accept Diefenbaker's proposal to equip "Bomarc" missiles with nuclear warheads caused the resignation of many ministers, especially the minister of defense.
Failing to receive a vote of confidence in the House of Commons on February 5, 1963, the government decided to hold early elections. The Conservatives, who received very few votes, left the government to the Liberal Party led by Lester Pearson.
Diefenbaker withdrew from political life when Robert Stanfield won the presidency at the party congress held in 1967. He became president of the University of Saskatchewan in 1969.