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Sunday, May 17, 2020

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. Business was booming in the early 1920s, but when companies tried to expand, and therefore issued stocks, the economy was thrown off. Some investors sold their stocks for high prices, and as a result, everyone else fol lowed. With less of a demand, stock prices became fractions of whatRead More The Great Depression of the 1930s in Canada1305 Words   |  6 PagesThe Great Depression of the 1930s in Canada The Great Depression of the 1930s is a benchmark for all depressions and recessions in the past and in the future. In the booklet The Great Depression of the 1930s in Canada , Michiel Horn gives an intellectual dissection of the events that occurred during the Great Depression. Michiel Horns approach leaves the reader with a foul taste for the Dirty Thirties. This essay will summarize Michiel Horns key points as well as discuss the ability ofRead MoreImpact Of The Great Depression On Canada1361 Words   |  6 PagesIn 1929, had on Canada s economy. 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Canada was hit hard by the decline of trade. The Great Depression had a negative impact on Canada politically, socially and economically. Canadians were negatively impacted by the lack of the government intervention during Great Depression. When the great depression hit, Mackenzie KingRead MoreEmployment, Relief and the Breadwinner Ideal: A Historiography of the Great Depression in Canada1408 Words   |  6 Pagesstatus. They argue that disapproval of married women working for wages during the Depression was expressed not only by those in position of power, such as politicians, but also by the general public and labour unions. They suggest that the number of women in the workforce increased as more young wives stayed working until the birth of their first child and older women entered the workforce in response to depression based deprivation. Hollingsworth and Tyyska also give examples of work that marriedRead More The Great Depression Essay1193 Words   |  5 Pages nbsp;nbsp;nbsp;nbsp;nbsp;The Great Depression was a period, which seemed to go out of control. The crashing of the stock markets left most Canadians u nemployed and in debt, prairie farmers suffered immensely with the inability to produce valuable crops, and the Canadian Government and World War II became influential factors in the ending of the Great Depression. The 1920’s meant prosperity for Canada. Canadians living in the 1920’s were freer in values, less disciplined, and concerned withRead MoreThe Causes of Canadas Great Depression of 1929-1939 Essay1679 Words   |  7 Pagesclosest to him heard. â€Å"It’s all gone.†# The term ‘Great Depression’ according to Kristin Brennan evokes black-and-white images of thin men in threadbare suits and worn-out shoes selling five-cent apples on city streets, of â€Å"grim-faced women lined up three deep to collect bread and milk at relief stations.†# The Great Depression of the 1930s was a devastating time toward many Canadians, where the collapse of the stock market was the beginning of the Depression, a period of severe economic and social hardship

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