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What caused the great depression dbq
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Effect of great depression
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The severe economic conditions of the depression brought down and impacted numerous countries including Canada. When Bennett was running for prime minister he had no idea of the economic disasters that would be approaching and was unable to discover or utilize any effective methods to deal with them. During the 1930 election Robert campaigned to combat the aggressive measures of the great depression and when he was elected for the conservative party he immediately distributed $20 million toward helping the unemployed citizens of Canada. Unfortunately, the depression conveyed and produced many problems that no one was capable of adequately handling. Bennett attempted to strengthen Canadian trade by preferential tariffs, but unfortunately it
The Great Depression of 1929 not only hit America severely but also devastated the Canadian economy where had the USA as a main partner of trading. This high interdependency on America brought a huge shock to Canada and her economy was replete of increasing unemployment and poverty. Two governments, here, attempted different approaches to recover the massive aftermath and these can be divided into two phases: Bennett’s government of 1930-5 and King’s of 1935-9. Although they both faced failure from Laissez-Faire, they had made different attempts in terms of unemployment, trade and economy including foreign affairs, and agriculture. Both governments here tried to reduce the unemployment by providing pubic works schemes and relief programmes.
The great depression was a very hard time for almost all Americans. In 1930 there were 5 million people unemployed and it was up to 13 million by the end of 1932 in America. Almost all of America was classified as poor and didn’t have a living wage and most of America was falling apart. The three most impactful reasons that the Great Depression happened in the United States was because of the stock market crash, unregulated banking institutions, and overextension of credit/excess consumerism.
Imagine waking up on what seems to be a normal day. Just to find out that stock markets have crashed and all of your hard earned money is gone! Well, it happened. Thursday October 24, 1929 the Great Depression had begun. People lost nearly everything, lost jobs, lost the ability to do what they want when they want, and had to make major cutbacks.
The Great Depression was an enormous economic downfall in the history of the United States and was also a very hard time for many Americans. People had lost jobs, markets went bad, banks had shut down, and unemployment rate has gone up. It had lasted from 1929-1939. During the next several years, buyer spending and investment had dropped, causing a decline in industrial output and raising the unemployment level. It began with the stock market crash on October 29 1929, which had lost millions of investors, markets had lost $30 billion dollars in two days, making it ten times more than the annual budget the U.S had spent for WWI, and prices were dropping until the end of November.
The Great Depression, also known as The Dirty Thirties was an outstanding worldwide economic crisis. It left millions of Canadians unemployed, hungry and often homeless. Hardly any countries were affected as severely as Canada, more specifically the Prairies. This merciless time period in Canadian history brought several years of drought and grasshopper epidemics upon the farmers that occupied the Prairies. Canada’s Prairies suffered the most during the Great Depression due to the unforgiving drought, the grasshopper plague, and the rapidly increasing unemployment rate.
On October 29, 1929 the stock market crashed causing The Great Depression. Factories shut down, and 13 million people then became unemployed (B). 80% of American families lost or didn’t have savings (A,B) and pretty soon, 200,000 children were wandering the country with no shelter or food (A). Farmers lost their farms so they couldn’t pay loans(B). It was officially the longest-lasting economic downturn in history.
In 1929, the stock market crashed, bringing economic devastation to all of America, and much of Europe. Many Americans were jobless and homeless, causing many problems all throughout America. The American citizens and people frantically tried to create coping methods fro life in poverty, and did what they had to survive, as our government was working to improve life for the American citizen. These fateful years would later be known as, “The Great Depression”, the greatest economic crisis in American History.
During the 1920’s Canada’s economy prospered, since many countries recovering from the horrors and especially damages of the war, required Canadian products. Canada’s abundance in resources such as pulp, forestry, wheat and mining greatly contributed to Europe’s recovery as well as the Canadian economy. Throughout this decade, many products and resources became more available such as cars due to mass production techniques developed to meet the product demand. For instance, the vehicle ownership rate in Canada increased from 300 000 in 1918 to 1.9 million by 1929.
The 1920s, also called the “Roaring Twenties” for their political, social and economic changes in Canada, were unique. As a business owner during this exhilarating decade, I encountered opportunities as well as challenges. In fact, never before had Canada experienced such an extraordinary period of economic growth and prosperity as it did during the 1920s. Technological advancements and increased international trade have caused manufacturing, finance and transportation – amongst other industries – to grow rapidly. In response to consumer demand for more goods than ever before in history, I broadened my horizons as a businessman by expanding operations and adopting new ways of producing things through manufacturing.
This had a huge factor in Canada’s changing economy because Canadian stock had dropped in value, causing people to go into debt because the stock they bought were not worth it in the long run. This had detrimental effects on the Prairie provinces, because wheat(a large Canadian export) prices had collapsed, and many farmers unable to make ends meet, forto move into towns and cities. This crash had caused many to become unemployed because companies and independent workers were unable to recover from the crash. It had also decreased the production and consumption of goods throughout Canada, which originally developed because of the large economic
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.
The Depression in Canada put many Canadians in a tight spot, and as a result new political parties emerged to help Canadians. One of the new political parties that emerged was The Co-operative Commonwealth Federation (CCF.) The CCF was formed in 1932 and was the first party of its kind in Canada. The Regina Manifesto (CCF 'S platform) opposed free-market economics and supported public ownership of key industries. The CCF also promoted social programs to aid the elderly, the homeless, the sick, and the unemployed.
The economy of canada had been greatly affected by the great depression. In between
The Industrial Revolution has made a huge impact on us humans, and also has impacted the world we live in. The Industrial Revolution began in the early 18th century, and has been going upwards ever since. The Revolution gave humans the technological advances we've never seen before. It revolutionized America, and many other countries, and got us to where we are today. But with every pro there is a con.
