The Great Depression Impacting Canada The Great

The Great depression was a time of need and poverty. It was a very tough time for the Canadians. They struggled day and night to formula the basic needs to survive. The number of reasons for the belief are of a great number, but most will agree on about three reasons leading to the Great falling off.The Great Depression was caused by the parentage mart crash, over fruition of reapings and ebullient amount of credit buying. The Great Depression was caused by the express grocery store crash. The stock market crashed on October 29th, 1929 at the new-fangled York Stock Exchange in New York, USA (Morton, 209). It happened in the United States of America but spread panic more or less the world and especially in Canada. It was known as undersurface Tuesday because it was the day which put the population of Canada and other countries in debt (Canadian bosh 1201). During autumn of 1929 the stock market began behaving highly volatile. Stock market prices were expanded t o just about breaking point, and then of a sudden it crashed. Because of the Stock Market Crash the gross national product dropped 40 %, $6.1 billion in 1929 to $3.5 billion in 1933 (The Canadian History Page). The Bank had no funds left because of the rag of the stock market crash. Wages in the industrial orbital cavity were not keeping up with huge increase in manufacture and profits.

Stocks lost a huge amount of cash in a single day. Investors who had borrowed money to buy stocks were peculiarly hard hit, as were the banks that had lent the money (Canadian History 1201). so the stock market crash was a very unprovoked event that caused The Gr! eat Depression. There were many factors that caused the Great Depression. perfection of them were the over expansion and over production of the products. During the 1920s slightly all of the industries in Canada were expanding. Since companies had large amounts of profits, so they built oft products and expanded their businesses even further. Then came 1929 when the whole country knock off in debt, all...If you want to get a full essay, invest it on our website: OrderCustomPaper.com

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