Great Depression gds

Effects of the Great Depression on Canada During the Great Depression of the 1930’s, Canada’s Prairie provincessuffered more than any other area in Canada.This time frame brought forthe farmers many years of droughts and grasshopper plagues, as each yeargot worse without any rainfall whatsoever.The impact of the GreatDepression on the Prairie provinces was devastating and it’s impact on theregion was social, political and economical.During this periodunemployment reached high levels, prices of products were falling andpurchasing power was getting very weak. To try to help out unemployedpeople, mostly men, the government introduced relief camps.During the1930’s in Prairie Canada, the Great Depression created harsh conditions andit was a struggle until it ended. The event which triggered the Great Depression was the Stock Marketcrash of October 24, 1929 in New York.Another important cause was that: Later in the 1930’s, the wide adoption of the gold exchange in many countries was widely criticized as a great mistake which greatly contributed to the severity and length of the Great Depression. 1. In Canada, wheat, the most important export, was being over-producedaround the world, despite the fact that the 1928 supply of wheat was stillavailable in 1929. A good reason for the stock market crash in 1929 was that, the values of stocks of the New York Stock Exchange were grossly over-valued, but government and business appeared to ignore the signs. 2. Canadian revenues that came in from export sales were dependentlargely upon the United States who had the money for growth; thecommodities were grain, pulp and paper and metals. Then when the New Yorkcrashed on October 1929, stock prices fell dramatically.When the stockmarket crashed, the Canadian economy suffered after the United Statesinvoked high tariffs to shut out Canadian goods.In the Prairie provincesof Canada, in addition to …

x

Hi!
I'm Sandulf

Would you like to get a custom essay? How about receiving a customized one?

Check it out