How Did The Great Depression Affect The Economy In The 1930s

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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. By 1933 the unemployment level in Canada reached 27% at the depth of the Depression.

The statue of Westminster (1931)
Although Canada became an independent nation in 1867, the country did not have the right to full
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