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How Did The Great Depression Affect Canada

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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. During the 1930’s, there was an economic crisis and a significant increase in unemployment and the government's poor attitude toward the depression. Therefore, the actions of the Government were a primary factor in contributing to the Great Depression.
The Government’s response to the stock market crash of 1929 and economic crisis were the …show more content…

This led to The Great Depression because this overextension by banks caused an unnatural disequilibrium in the money markets that initially caused a boom then a bust. Due to the government actions, people started losing trust in their government. Another government action that helped the Great Depression was the crash of the American stock market and since Canada's economy relies so much on what happens in America, evidently the Canadian stock market crashed as well. The Stock market crash marked the end of past prosperity as stock prices plummeted. The financial losses in relation to stocks, in 1929 to 1931 were estimated to be at $50 billion, when stocks dropped, people panicked and sold all their shares in various companies and businesses. This government contributed to The Great Depression because most residents were in vast amounts of debt and had to leave their homes because they weren't able to pay their expenses like mortgage and loans from the bank . Due to credit buying people had already lost their money and when the Stock Market crash occurred the government had to give

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