Similarities Between The United States And Canada

The United States and Canada During the Great Depression The Great Depression was a terrible financial crisis in the 1930s that affected virtually every country in the world. Two of the countries that were really hit hard during the depression were the United States and Canada. Because of their close proximity and relations with each other, the two countries reacted to this financial crisis in many similar ways. Both countries planned a New Deal program that hoped to combat the high unemployment rates and fix other large problems throughout the country brought on by the financial crisis. Both countries also enacted several programs to help with the agricultural economic disaster. Regardless of this, both countries also dealt with the Great

In Canada, relief camps were opened to help fight against unemployment, which did not happen in the United States. Almost immediately after American President, Franklin D. Roosevelt, was inaugurated in March of 1933, he began planning his actions to help combat the Great Depression. His first main course of action was to implement the New Deal, a series of domestic programs and legislative reforms seeking to deliver relief, recovery, and reform. Some of the programs put into effect for the New Deal are still in use today. Such as the Federal Deposit Insurance Commission (FDIC), the Federal Housing Administration (FHA), and the Tennessee Valley Authority (TVA). The main actions of the United States’ New Deal was to give jobs to the unemployed. Acts such as the Civilian Conservative Corps and the Public Works Administration put hundreds of thousands of Americans back to work. The New Deal was important in America because of how it supplied thousands of people with jobs and slowly began reversing the effects the Great Depression had had on the economy. The success of President Roosevelt’s New Deal led to a similar duplication in Canada by Prime Minister R.B. Bennett. In 1935, Bennett began outlining a

In the United States, farmers began to produce more food than they had previously, due to the technical advancements during this era. Because of the constant surpluses of food farmers were producing, the prices of food decreased. America could no longer sell as many goods to Europe as they had previously, because Europe was also experiencing a depression, causing them to not be able to afford as much world trade. The world trade market was also becoming competitive with Argentina, South Africa and many other countries now actively trading as well. Prices of crops continued to plummet and farmers could no longer afford their bank loans. They began defaulting on these loans which wasn’t good for the farmers or the local banks. This was also a huge problem for America because American agriculture employed nearly 30 percent of the workforce in the United States. In his New Deal, Franklin D Roosevelt brought forth the Agricultural Adjustment Act (AAA) which provided relief to farmers by paying them to reduce production. This was important because it helped reduce crop surpluses and give farmers a source of income. Meanwhile, in western Canada, farmers were experiencing a disastrous and prolonged drought, which caused nearly 250,000 people to leave the prairies in the 1930s. The 1936 Canadian census reported 13,900 abandoned farms encompassing almost 3 million