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 mildew 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 belief.The Great Depression was caused by the parentage mart crash, over fruition of point of intersections and overweening amount of credit buying. The Great Depression was caused by the root marketplace crash. The stock market crashed on October 29th, 1929 at the modern York Stock Exchange in New York, USA (Morton, 209). It happened in the United States of America but spread panic slimly the world and especially in Canada. It was known as twenty-five percent Tuesday because it was the day which put the population of Canada and other countries in debt (Canadian drool 1201). During autumn of 1929 the stock market began behaving highly volatile. Stock market prices were expanded to just about breaking point, and then unawares 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 toss of the stock market crash. Wages in the industrial theatre of operations were not keeping up with huge increase in manufacture and profits. Stocks lost a huge amount of bullion in a single day. Investors who had borrowed money to buy stocks were specially hard hit, as were the banks that had lent the money (Canadian History 1201). so the stock market crash was a very liberal event that caused The Great Depression. There were many factors that caused the Great Depression. ideal of them were the over expansion and over production of the products. During the 1920s round all of the industries in Canada were expanding. Since companies had large amounts of profits, so they built some(prenominal) products and exp anded their businesses even further. Then ca! me 1929 when the whole country cut down in debt, all...If you want to get a full essay, ensnare it on our website: OrderCustomPaper.com

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