How Did The Great Depression Affect Canada

(S2) Canada benefited from partaking in World War II in terms of the economy. Following the stock market crash in October of 1929, there was an economic depression across the world with a decline in commercial activity, which was called the great depression. The main causes of the great depression were the stock market crash, buying on credit, overproduction, Canada's dependence on the USA, drought, dust storms, and an infestation of grasshoppers. These left with businesses with no money, 32% of citizens without jobs, and a loss of export markets.

Also when the Regina riot was over, a new Prime Minister and unemployment insurance were changed (On to Ottawa: Aftermath N.P.). With this said, it shows that this was the main cause that ended the great depression. Not only the on to Ottawa Trek help end events, the D-Day invasion was a cause for winning World War

The severe economic conditions of the depression brought down and impacted numerous countries including Canada. When Bennett was running for prime minister he had no idea of the economic disasters that would be approaching and was unable to discover or utilize any effective methods to deal with them. During the 1930 election Robert campaigned to combat the aggressive measures of the great depression and when he was elected for the conservative party he immediately distributed $20 million toward helping the unemployed citizens of Canada. Unfortunately, the depression conveyed and produced many problems that no one was capable of adequately handling. Bennett attempted to strengthen Canadian trade by preferential tariffs, but unfortunately it

The great depression was a really hard period of time because there wasn’t many option or programs like now such as employment insurance and welfare. Everyone had their own responses; at the time Mackenzie king wasn’t the most prepared he didn’t take an approach the economy, R.B bennet at that time prime minister believed in that the government out of the economy and everything will work out in the end. Maurice Duplessis was the sixteenth premier of Quebec he believed that a return to traditional values and the rural way of life guaranteed security the union nationale was created during the great depression from 1936 to 1970 with some breaks between. Defferin Pattullo thought the state should stop some actions and help ordinary people with

Canada has been through many difficulties throughout a period of time. From the roaring twenties to the Dirty thirties, The Great Depression had been a tragic era of tremendous change between 1929 to 1939 because it ruined lives of many. Canada was greatly hit during the depression. The governments in the 1930’s played a huge roll in flawed responsibility. They lacked in helping the country strive to aiding their citizens.

1930’s The Great Depression The Great Depression was the largest economic depression of the 20th century, and is commonly used today as a measure of how far the world’s economy can decline. The depression started in the U.S in 1929 with the Wall Street stock market crash (known as Black Tuesday). This eventually spread globally and affected the economy of many other nations throughout the 1930s. Canada was greatly affected by this as Canadian industrial production fell to 58%, the second lowest level after the United States.

“The worldwide Great Depression of the early 1930s was a social and economic shock that left millions of Canadians unemployed, hungry and often homeless. Few countries were affected as severely as Canada during what became known as the Dirty Thirties, due to Canada’s heavy dependence on raw material and farm exports, combined with a crippling Prairies drought. Widespread losses of jobs and savings ultimately transformed the country by triggering the birth of social welfare, a variety of populist political movements, and a more activist role for government in the economy. ”The economic state of the country met with the large desire for change led many Canadians to make desperate choices to make their lives better. This desire and the birth of the Dionne quintuplets created a large jump in morale for many Canadians, this new found hope made Canadians want more of the quintuplets.

Canada was in the hardest times in history based on the economy. During the Great Depression, Canada was going through the bust cycle with high unemployment and lots of people. However, when the war started, it demanded more supplies, equipment, and weaponry. This started creating jobs, and essentially put the economy of the country back into the boom cycle. War industries arose, and production of war material, food supplies, and raw materials begun.

The Great Depression was a time of economic destress in the United States that eventually affected the whole world. The stock market crashed causing chaos among the people. Everywhere people were going to banks demanding they get their money back. However, these banks were not prepared for this and did not have the money to give back. As banks began to fail, business failed as well.

The Depression in Canada put many Canadians in a tight spot, and as a result new political parties emerged to help Canadians. One of the new political parties that emerged was The Co-operative Commonwealth Federation (CCF.) The CCF was formed in 1932 and was the first party of its kind in Canada. The Regina Manifesto (CCF 'S platform) opposed free-market economics and supported public ownership of key industries. The CCF also promoted social programs to aid the elderly, the homeless, the sick, and the unemployed.

The Great Depression was a severe worldwide economic depression that took place during the 1930s. The article by Edwin Gay and pictures compiled by Cary Nelson are both descriptions of how the Great Depression was and the several impacts that it had on the American economy. The range of the great depression is unprecedentedly wide according to Edwin Gay. The great depression was believed to have started from the collapse of the US stock market in 1929. This was shown in a picture as compiled by Cary Nelson

The economy of canada had been greatly affected by the great depression. In between

In 1929, the U.S. was hit with the worst economic crisis in the history of the country, the Great Depression. The Great Depression left millions of people unemployed and cost millions their life's savings. The Depression lasted for ten long years for the American people. Since the Great Depression ended, people have studied it, trying to figure out what happened that started it all. The problem was, in fact, the poor economic habits of the people at the time, such as speculation, income maldistribution, and overproduction.

The Great Depression The Great Depression was by far one of the worst times of America’s history, and the world’s history. The Depression affected everyone except for the politicians and the wealthy. During the depression a lot of people lost their jobs which caused the unemployment rate to sky rocket to 14% of America’s population was unemployed, and the number would stay their till World War 2, and the depression started in the 1920’s. Middle class workers were hit the hardest in the depression. Most of the middle class citizens lost their jobs.

(Boan, 2006) The experience of the Great Depression in the 1930’s left many in difficult financial situations. (Boan, 2006) Although, provinces helped with relief payments for food, clothing and shelter, medical costs were too much for the budget. (Boan, 2006) Many people were not receiving proper medical care, and for those that were the bills were just too high, as a result, causing death from preventable diseases. (Boan, 2006) Years of depression and war brought cooperation and agreement between the federal and provincial governments: The Green Book Proposal, “introduced a plan for comprehensive social security, including measures to promote full employment, contributory social insurance plans and universal public health insurance”.