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 model 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 low.The Great Depression was caused by the parentage mart crash, over fruition of increases and ebullient amount of credit buying. The Great Depression was caused by the fall commercialise crash. The stock market crashed on October 29th, 1929 at the novel York Stock Exchange in New York, USA (Morton, 209). It happened in the United States of America but spread panic moderately the world and especially in Canada. It was known as bed Tuesday because it was the day which put the population of Canada and other countries in debt (Canadian tarradiddle 1201). During autumn of 1929 the stock market began behaving highly volatile. Stock market prices were expanded to just about breaking point, and then suddenly 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 replace of the stock market crash. Wages in the industrial welkin were not keeping up with huge increase in manufacture and profits. Stocks lost a huge amount of notes in a single day. Investors who had borrowed money to buy stocks were interrogatively hard hit, as were the banks that had lent the money (Canadian History 1201). so the stock market crash was a very light event that caused The Great Depression. There were many factors that caused the Great Depression. beau ideal of them were the over expansion and over production of the products. During the 1920s nearly all of the industries in Canada were expanding. Since companies had large amounts of profits, so they built very much products and expanded their businesses even further . Then came 1929 when the whole country he! sitation in debt, all...If you want to get a full essay, assign it on our website: OrderCustomPaper.com

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