The Great Depression in Canada Essay

The Great Crash also known as Stock market crash of 1929, happened in 1929 which was one of the biggest and important history of America. During this time in late October the stock market of the country crashed which lead to the beginning of great depression, and it has lasted for 10 years. Many countries got affected due to the great crash, especially all Western industrialized countries. “Black Tuesday (October 29), in which stock prices collapsed completely and 16,410,030 shares were traded on the New York Stock Exchange in a single day.” (“Stock”). After the crash, the country had tried to cope up from the loss, but it still continued to drop. “By 1932 stocks were worth only about 20 percent of their value in the summer of 1929. (“Stock”). Due to this depression, nearly half of the banks failed, businessman faced bankrupts and people have lost their

The Great Depression also is known as the Dirty Thirties happened in the 1930s. It left Canada and the world in shock. Millions of Canadians were without jobs, and many became homeless. Countries across the world were affected by the Depression, such as the U.S.A. The USA was hit the hard which affected Canada. USA rely on Canada for fish and wheat when the U.S economy goes down Canada suffers. The U.S didn’t buy any more fish,wheat,minerals,pulp and paper from Canada. Many countries put high tariffs on goods,trading slowed down,people had to pay back their credit money they had borrowed from the government.Farmers were hit the hardest in Canada because if you could not pay for the land you would get evacuated. Droughts and grasshoppers infection started to happen which brought more suffering. Meat prices went up,some stores were closed down,Immigrant dropped 90% violence and crime went up. Men that didn’t have houses were sent to reliefs camps,the military setup 20 000 men to work sometimes works was useful,other times they would make work projects. They got 3 daily meals, work clothes,medical care, and 20 cents a day.The men would work 44 hours of cleaning brush,building roads,planting trees and constructing the public building.On April 1935, 500 men went on strike for better living conditions,more pay and fewer hours this has been just like the Winnipeg general strike. This depression made Canada what it is today,the economy is in better shape,people can find jobs and immigrants are taking over

The New Deal proposals were widespread and there were various measures taken. Some of the measures that Bennett tried to enforce are as follows. The cornerstone of the New Deal was the first measure that was created and it was supposed to be an Employment and Social Insurance Act that presented benefits for the allies and insurance for the unemployed. Other proposal that were created were the establishment of minimum wages, a National Products Marketing Board, an eight hour work day and a forty-eight hour week. There was a Canadian Wheat Marketing Board that was created in 1935 to manage the sale of wheat in order to support the farmers who were affected by the Depression. A Prairie Farm Rehabilitation Act was also added that was supposed to aided 100,000 farmers in Saskatchewan. It helped them to bring back the fertility that was on their land because of the dust bowl. This proposal helped them by promoting their use of more adequate farming technology. All these measures presented by Bennett were barely passed. In 1937, many of them were declared unconstitutional by the Committee of the Privy Council. They argued that the federal government were not authorized to endorse these widespread measures. As seen, these proposals that were drafted up had the potential to help with the Depression, but most of them did not leave the office. Therefore, this proved to be once again,

29, 1929 the stock market crashed when panicked investors tried to sell all their shares at once. Now known as Black Tuesday, the crash marks the start of the Great Depression, one of the longest and most catastrophic economic downturns in the world. The depression caused by the crash affected Canada greatly, as businesses closed and unemployment rates went up. Prairie farmers were hit the hardest, having to move into cities after wheat prices dropped and the drought completely turned the soil into

It had already been 7 years since the Great Depression hit Canada on October 29, 1929. The economic shock that it caused led to unemployment for many Canadians. And with the draught happening in the Prairies many people, mainly farmers, had suffered. The Great Depression had hit many countries worldwide, but not many had suffered severely as Canada did.

The Great Depression was a time of great economic problems for all of Canada. By staying out of the situation with unemployment the federal government contributed to fiscal collapse in the four western provinces and hundreds of municipalities. From 1932 onward, Western provinces obtain status of being on the the brink of bankruptcy. Saskatchewan prices became the lowest ever in recorded history. Oil prices elevating made it hard to pay for gas that cars required. Cars regressed back into horses due to the affordability.

I think the most important cause of the Great Depression was Canada’s dependence on its primary products. Canada’s economy heavily relied on staples, products such as wheat, fish, minerals, pulp, and paper. These were Canada’s most significant imports because these were the goods that the world needed the most. The more countries that needed these products, the more Canada’s economy would flourish. However, the war caused a lot of countries to be in debt which meant that they didn’t have enough money to buy goods from Canadians. In turn, Canada’s economy collapsed and many people faced hardships in Canada, especially those in the Maritimes. The Depression caused the prices of Canada’s goods to drop drastically and farmers couldn’t make enough

The Great Depression impacted millions of people globally. Canada was not an exception. However the lessons we learnt from it helped us better manage the impact of the 2008 recession. Canada suffered during the great depression, due to a lack of effective leadership that underestimated the impact of the situation at hand. After world war one, Canada was the fastest growing economy in the world.

However, the stock market crash could not be to blame for the beginning of the Great Depression. In fact, "the crash actually revealed underlying problems that led to the Great Depression" (Schultz, 2006). Thus, the fact that farms had been struggling for years, overspending of the country forced people into debt, and the banking system itself was unstable. These prevalent issues at the time of economic struggle is what forced Canada into a Depression that they would never

After the stock market crash of 1929, the prosperity of the 1920s descended into poverty. The Great Depression of the 1930s was the worst economic crisis in modern history and it had a significant impact on the lives of Canadians. People lost their livelihoods and the ability to provide for their families. Wages plunged and unemployment rose throughout the decade. Across Canada people faced many challenges during this period of social and economic turmoil. Farmers in the prairies suffered greatly during the 1930s, as drought and nature exasperated the economic crisis. Canadians in cities struggled to find jobs that would provide for their families. Many men left their homes and families to search for work. The Great Depression caused

As the Great Depression continued to tighten its grip on America, nature turned against many already suffering Americans. The Dusty Bowl, also know as the Dirty Thirties, was a period of severe dust storms that greatly damages the ecology and agricultural production of the United States and Canadian plains. Many farmers and ranchers were driven to the Great Plains by the American sense of expansion. The land they inhabited was used primarily for ranching till advances in agricultural mechanization and high grain prices caused by World War I, made agriculture more productive as ever; thus causing farmers to exploit the land in their attempt to make a large profit, setting up the region for an environmental catastrophe. As a result of over farming, a failure to implement dryland farming techniques-which would have prevented topsoil wind erosion-and a severe drought, 150,000 square miles of land in Kansas, Colorado, Texas, Oklahoma, and New Mexico, faced havoc not previously seen in American history. The first “black blizzard” occurred in 1931, and they occurred till conservation efforts in the 1940s, but the damage had been done, reflected on the upturned land and record heat, as well as the unleashed swarm of locust and jackrabbits, causing terror in children and adults alike. Consequently, massive amounts of people migrated from the plains fleeing the storms, and those who stayed faced the harmful effects from the inhalation of dust particles.

Often referred to as the ‘Dirty Thirties’, was the Great Depression in Canada. Starting October 29, 1929, the New York stock markets decreased value caused many citizens in Canada to lose their jobs, homes, and other belongings. Over five years, the national spending in Canada fell 42 percent and 30 percent of eligible working Canadians were without a job until 1939, when it dropped to 12 percent. The four western provinces; British Columbia, Alberta, Saskatchewan and Manitoba were impacted most severely, as they relied on exports for goods. Canadians in the prairies lost farms due to the severe drought that was occurring. Ontario and Quebec were impacted most by striking unemployment rate, but had factories near to produce goods and services.

During the Great Depression, Canadian' had a little way to entertain themselves from movies, magazines, and radio. Mainly radio was popular, Canadians preferred U.S shows such as "The Lone Ranger." In 1936, the Canadian federal government created a public radio service called the Canadian Broadcasting Corporation (CBC), to win back Canadian's audience into listening to Canadian music and

Canadians responded ineffectively to the challenges of the Great Depression. To begin with, the government of Canada fail their promises about fixing the economic crisis. The millionaire Prime Minister R.B. Bennett opposed to spend federal money on relief programs for unemployed workers and push their responsibility to the provincial and municipal governments. The provincial and municipal governments also push their responsibilities around which fail to resolve anything. In addition, many single men with no jobs were offered to work in relief camps, but with low wage and poor living condition many men gathered in Vancouver and planned to jump on trains and bring their case to the Prime Minister in Ottawa. Bennett agreed to meet with some trekker

With all of these crazy thoughts going through my mind, I believe that my citizen's trust. Sometimes I actually believe that ironically it just may just have been the Great Depression that had helped my leadership.I am so grateful for this past 1930 election and am proud to be leading Canada through this dark time although I am a bit scared for if it doesn’t work out as planned. Currently, a third of Canada’s population is unemployed with no difference in Toronto either. Products from 1929 have dropped 40% and along with it wages and prices. I will soon let out the idea of relief camps where in exchange for room and board they will work as laborers. I am very optimistic about all of this but I don’t know what else I could