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Jul 11, 2013 · Published Online July 11, 2013. Last Edited August 13, 2021. The Great Depression of the early 1930s was a worldwide social and economic shock. Few countries were affected as severely as Canada. Millions of Canadians were left unemployed, hungry and often homeless.
Oct 18, 2013 · It began to take shape on 24 October 1929, Black Thursday. “Stock Speculators Shaken in Wild Day of Panic,” shouted the front page of the next day’s Toronto Globe. The New York Stock Exchange, the accompanying stories reported, had experienced massive declines in wild trading, with a record 12.8 million shares sold.
Jul 9, 2021 · The Great Depression took place in Canada and around the world in the 1930s. The term “Depression” is used to describe an economic decline that lasts for a long time. During the worst period of the Depression about 30 percent of Canadians were unemployed. This made life very difficult because Canada had few social programs at the time.
Great Depression in Canada (Plain-Language Summary).) Causes of the Great Depression Economists still debate whether a specific event, such as the 1929 Wall Street stock market crash, sparked the Great Depression. However, there is consensus that the Depression was the result of widespread drops in world commoditY. prices and sudden declines
The Great Depression. Following the New York stock market crash in October 1929, Canada sank into 10 long years of economic and social despair. The New York stock market collapsed in the fall of 1929, as stocks lost 39 per cent of their value, or 10 times the U.S. government’s annual budget. The crash unleashed a wave of disaster that would ...
Sep 11, 2019 · October 24, 1929, marked the beginning of a four-day stock market crash in the United States that had global ramifications. Canada, with its resource-based economy, suffered immensely. The pain was amplified by a drought that plagued Western Canada during the dirty thirties. The depression ended in 1939 with the advent of the Second World War ...
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Great Depression in Canada. Gale Canada in Context, 2013. The Great Depression, which began on October 24, 1929 with the infamous "Black Thursday" stock market crash, severely crippled the global economy. However, few countries were as adversely affected by the Great Depression as Canada. In addition to the economic fallout of the sharp drop in ...
