The Collapse Of The Great Depression Essays

The Collapse Of The Great Depression Essays

Length: 1235 words (3.5 double-spaced pages)

Rating: Strong Essays

Open Document

Essay Preview


In 1920’s, Canada faced the prosperity and post-war problems of World War I. However, due to the over-reliance on the United States, with the addition of the collapse of the stock market of national industrial issues, Canada was dragged into the Great Depression. At first, both Prime Ministers felt the government needed to take a step back and let the Depression balance itself out; however, as time went on, both men realized the federal government must step in to end the national crisis. King focused on the economic issues, and on the other hand, Bennett worked on human relief. King waited for a long time before attempting to solve the problems of the Great Depression; however, the actions Bennett and King took had little success and effect.
In 1929, William Lyon Mackenzie King was the Prime Minister during the outbreak of the Great Depression. At the time, King believed in the principles of laissez-faire; he believed the amount of federal government intervention should be kept minimal. King believed a balanced budget and less government interference were the answers to this catastrophe. In addition, King thought there was not an issue currently presented; he questioned the existence of the Depression. This is important because from 1930 to 1935, little action was taken due to the denial of the presence of a national crisis and the enforcement of laissez-faire. Without the support of the government, the Canadians struggled to live through poverty and an economic crisis. However, as time continued, there were no signs of the Depression disappearing anytime soon. So, by not doing anything, King allowed the problems in the nation to develop and to worsen. King’s intention and attempt to allow the Depression to even itself out res...


... middle of paper ...


...on; however, what he did do resulted in little significance. The actions King took was successful, yet it was very minimal compared to the disastrous effects of the Great Depression.
King and Bennett did take many attempts to solve the problems of the Great Depression; however, many had little success. King did wait a long time before taking substantial effort to solve the problems of unemployment and poverty. However, after their conversion from the laissez-faire, King attempted to form an international relationship with the U.S in the hopes to relieve Canada of its economic problems. Bennett was inspired pass a reform within the country in the hopes of improving human relief. However, despite their efforts, both Prime Ministers had little success from their actions and none of the attempts they took had any substantial effect toward the Great Depression of Canada.

Need Writing Help?

Get feedback on grammar, clarity, concision and logic instantly.

Check your paper »

The Collapse Of The Great Depression Essays

- In 1920’s, Canada faced the prosperity and post-war problems of World War I. However, due to the over-reliance on the United States, with the addition of the collapse of the stock market of national industrial issues, Canada was dragged into the Great Depression. At first, both Prime Ministers felt the government needed to take a step back and let the Depression balance itself out; however, as time went on, both men realized the federal government must step in to end the national crisis. King focused on the economic issues, and on the other hand, Bennett worked on human relief....   [tags: Great Depression, Unemployment]

Strong Essays
1235 words (3.5 pages)

Essay on The Great Depression in Canada

- ... Even still, he even went as far as saying that he would not give "a five-cent piece" to a Conservative provincial government. This quote was ultimately the reason why King lost power in the 1930 election to Richard Bennett and his Conservatives.i Prime minister Bennett also was not in favour of government intervention, but he did however create several acts to help Canadians through the Depression. The conservatives introduced the unemployment relief act, giving the provinces $20 million for work-creation programs....   [tags: collapse in the stock markets]

Strong Essays
986 words (2.8 pages)

The Great Depression Essay

- Great Depression was one of the most severe economic situation the world had ever seen. It all started during late 1929 and lasted till 1939. Although, the origin of depression was United Sattes but with US Economy being highly correlated with global economy, the ill efffects were seen in the whole world with high unemployment, low production and deflation. Overall it was the most severe depression ever faced by western industrialized world. Stock Market Crashes, Bank Failures and a lot more, left the governments ineffective and this lead the global economy to what we call today- ‘’Great Depression’’.(Rockoff)....   [tags: The Great Depression ]

Free Essays
944 words (2.7 pages)

The Great Depression and the New Deal Essay

- Great Depression The Great Depression and the New Deal In response to the Stock Market Crash of 1929 and the Great Depression, Franklin D. Roosevelt was ready for action unlike the previous President, Hubert Hoover. Hoover allowed the country to fall into a complete state of depression with his small concern of the major economic problems occurring. FDR began to show major and immediate improvements, with his outstanding actions during the First Hundred Days. He declared the bank holiday as well as setting up the New Deal policy....   [tags: Great Depression]

Strong Essays
986 words (2.8 pages)

The Collapse Of The Roaring Twenties Essay examples

- The 1920’s also known as “The Roaring Twenties”, was a momentous time for America. People bought luxurious items that they did not have the money for; therefore placing it on credit. Buying stocks on margin, “borrowed money”, is how people invested in the stock market hoping to break the bank. The “magnificence” of this era was short lived. The effects of buying on credit and margin would soon jeopardize and manifest the lives of essentially every American. On October 29th, 1929 soon named Black Tuesday was the day the stock market crashed....   [tags: Wall Street Crash of 1929, Great Depression]

Strong Essays
712 words (2 pages)

Essay on Causes And Consequences Of The Great Depression

- Jessica Jung Period 7 1/25/16 Causes of the Great Depression The Great Depression was the worst economic collapse in the history of the industrialized world that affected everyone from children to elders. The social values of consumerism and isolationism that impacted the way that average Americans behaved was a huge part of what caused the collapse of the global economy. The stock market crash of 1929 set off the Great Depression. Economists also blame the overproduction and underconsumption of consumer goods and food....   [tags: Wall Street Crash of 1929, Great Depression]

Strong Essays
1184 words (3.4 pages)

The Legacy Of The Great Depression Essay

- A rise in crime, unemployed individuals had to look toward petty theft to put food on the table, suicide rates increased, malnutrition, prostitution, no adequate Health care, Alcoholism increased with Americans in search of ways to escape the crisis, prohibition and much more unfortunate situation unfolded during the time of The Great Depression. This troubling time lasted from 1929-1939. The Great Depression was a time of worldwide economic depression, the most disastrous of all economic crisis in the history of the United States....   [tags: New Deal, Great Depression, Franklin D. Roosevelt]

Strong Essays
1122 words (3.2 pages)

Essay on The Great Depression Of The 1930s

- The great depression of the 1930s was known as the biggest and longest economic slump. Many lives were affected by the depression and many people were left unemployed and others homeless. This economic catastrophe begun in the United States and overtime it spread all around the world. European countries such as Great Britain and Germany were facing large debts after the First World War and turned to America for help in paying off those debts. This resulted in a financial crisis worldwide. It was believed that the depression started with the Wall Street crash that occurred on the 29th of October in 1929, also known as black Tuesday....   [tags: Wall Street Crash of 1929, Great Depression]

Strong Essays
1182 words (3.4 pages)

Essay on Factors That Caused The Great Depression

- Throughout history America has quite a few recessions, but nothing as devastating as the Great Depression. The Great Depression was a financial collapse so terrible that it not only ripped through the United states, but affected the world (such as Britain, France, etc.) as well. The major factors that caused the Great Depression were maldistribution of purchasing power, credit structure, and debt structure. All of this plus some additional factors made the Great depression an inevitability. The maldistribution of purchasing power was a major factor that caused the Great Depression....   [tags: World War II, Great Depression, Debt, Money]

Strong Essays
829 words (2.4 pages)

Great Depression Essay

- The Great Depression During the 1920’s America was experiencing great economic growth. As WWI was ending Americans were out of energy. For almost 100 years they had been facing the problems of sectionalism, civil war, reconstruction, imperialism, and WWI. By the end they were ready to just sit back and party. Demand sky-rocketed and brought great economic growth. Americans failed to see the great problem looming overhead though. The Great Depression was caused by a combination of factors- a natural slowdown of the business cycle, weaknesses of the 1290’s economy magnified the slowdown, the republican response failed to help, a great environmental disaster, and the collapse of the world eco...   [tags: US history great depression 1930]

Strong Essays
1172 words (3.3 pages)