In 1932 Prime Minister R.B. BENNETT made Clark an adviser during the Imperial Economic Conference, and subsequently offered him deputy ministership of the Department of Finance. Clark helped make finance a powerful government department by encouraging bright young economists to enter the public service and by taking their advice. Though initially cautious, he began to see an expanded role for the state in economic planning. The man who condemned wage controls at the end of WWI helped implement them in WWII.
As deputy minister, Clark supported the establishment of the BANK OF CANADA and a series of mortgage-assistance measures. During WWII he chaired the Economic Advisory Committee and helped convince Prime Minister Mackenzie KING to adopt, among other measures, the 1944 Family Allowance Bill. His ideas and influence made him important in the development of a more active government role in economic planning.
Author D. R. OWRAM