The Great Depression of Canada - 1140 Words

The Great Depression was not just a little event in history, hence the word â€Å"great†, but a major economical setback that would change Canada, and the world, forever. The word â€Å"great† may not mean the same thing it does now; an example of this is the ‘Great’ War. These events were not ‘good’ or ‘accomplishing’ in any way, quite the opposite, but in those times it most likely meant ‘big’. What made it big are many factors, both in the 20’s and 30’s, which can be categorized into three main points: economics, politics and society. With all these events, compressed into ten years, this period of economic hardship of the 1930’s truly deserves the title the â€Å"Great Depression†. What started these tragic ten years were really the events†¦show more content†¦Although, this new proposition was too late and Bennett lost the 1935 election to King, the Supreme Court took the most important points and unconstitutionally made it happen. When King was put back in office, he was pressured to do better than his predecessor and take responsibility for social welfare. He managed to please the people enough to avoid the insults that Bennett endured. With all these politics and attempts at fixing Canada, these politicians made a name for themselves among the events of the Great Depression. The Great Depression affected not only the political parties, but crippled the population as a whole. Most Canadians had no money to spend or pay their bills after the Stock Market Crash and many used all their possessions as collateral, a very risky move, and lost everything. Also, the unemployment rate skyrocketed; one in every four lost their job so they couldn’t re-earn what they lost. For those who had the luck of staying employed, their pay went down exponentially; but the workers could not protest because a bad job is better than no job. Not to mention that it gave th em status as a citizen. Because of unemployment, many people become hobos and transients, traveling from city to city on box cars,Show MoreRelatedThe Great Depression Of Canada1265 Words   |  6 PagesThe Great Depression in Canada The Great Depression may very well have been one of the most significant eras in Canadian history. It has taught us many lessons about the present and predicting the future. The ‘dirty’ thirties, as it was referred to, was a time of hardship and poverty for most. Imagine what it would be like if we had to endure the same magnitude of recession? You wouldn’t have your phone or your computer. Maybe you would be living with all of your relatives in one house? Or you wouldRead MoreThe Great Depression in Canada Essay978 Words   |  4 PagesThe Great Depression was a terrible point in Canadian history, and for most of the world. It was a point in time where thousands of people lost their jobs, and even lost their homes because of the depressed economy. 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