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How Did The Great Depression Affect Canada

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The Great depression was a very long and harsh recession in Canada’s economic market.The stock market crash was a rapid crash that left many companies and millionaires bankrupted. This abrupt shock left many people without food, jobs and sometimes homeless. The citizen were in a crisis 30% of the labour force wasn’t working and the unemployment rate was always above 12%, resulting in 1 in 5 canadians having to depend on governmental help for survival. To this day we’ve never seen such a bigger economic crash because Canada high placement in economic world.During the Great depression Canada came up with many methods to try and make it out successfully but with an unstable government they couldn’t achieve that.

Canada was very unsuccessful during the great depression because of its government. Bennett was in power during the great depression though people were unimpressed by him as he thought that the only way to bring canada out of the depression was by creating tariffs to keep canada’s business going and to increase income tax. However, Bennett eventually decided to change his policy by following the ‘new deal’ idea proposed by John maynard keynes because it seemed to have succeeded in the united states. Bitter and angry the people voted him out. This introduced Mackenzie King into power. King believed that the situation was temporary and showed lack of understand of the global economic forces. He believed assistance should come from municipal and provincial levels of the government. …show more content…

They took men off the street and gave them a job and somewhere to sleep through the opening of relief camps. The federal government bailed the provinces out with relief money , making this two third of the country relying on relief money. During the 1939 , the president of the United states Franklin Roosevelt adopted a plan in which it would help put many people back to work He named it ‘arsenal of

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