Firstly, there are many factors that contributed to making the Great Depression start. Over-production and expansion was a problem because almost every industry was expanding in the 1920’s. Industries made products quickly that weren’t selling and in order to slow down production they laid of works because they forget the basic economic rule to only make as many items they can cell and since wages weren’t high enough to buy all the goods that were made. Also Canada’s dependence on a few primary productions and dependence on United States had a huge effect on the depression. Canada’s economy is linked closely to the U.S and when the American economy got sick Canada suffered because they no longer needed products produced such as sold wheat, fish, minerals, pulp and paper. When the depression hit demands for all these items dropped as well as other countries produced huge surplus which drove prices down. Another cause was Canada putting on high tariffs was a factor of the great depression as well but effected many countries because it chocked off international trade, countless countries put high tariffs on goods coming into their country to protect homeland industries which caused trades between nations begin to slow down. Even credit buying and stock buying was a ...
... middle of paper ...
... money from the munition workers and they would feel secure enough to buy a dress and then the tailor would feel confident to go and buy a dresser and so on. This started to economy to get back into shape and departing from the Great Depression.
In all, everyone was effected by the Great Depression in one way or another. The government didn’t take responsibility until the 1940’s but that still did not make up for the men and that went through that dark decade. The ‘Dirty Thirties’ was a time no one wanted to return to and were glad to see it go. As though industries got back on their feet, people started to get more jobs because of the war, and food started to grow the devastation of the Great Depression was not forgotten. Those lives that could have been lived painlessly had suffered greatly and the memories of those days still linger to those till this very day.
Need Writing Help?
Get feedback on grammar, clarity, concision and logic instantly.Check your paper »
- In the 1920 's just after World War 1, Canada experienced economic prosperity but a decade later it would all come crashing down. This decade was known as the Great Depression. During the period of the Great Depression, Canada underwent two political regimes which still didn 't help the country get out of the Depression. What makes this more interestingly is that the two regimes were at the opposite ends of the Canadian political spectrum yet neither parties had a clear framework for lifting Canada out of the Depression.... [tags: Great Depression, Unemployment]
1909 words (5.5 pages)
- Imagine how would it be if all of a sudden economy crashed and there is no back up plan. It has happened before in history during 1929 with the crash of The Wall Street, which marked the beginning of the depression. The great depression was on of the hardest time in American history. After the roaring twenties was the dirty thirties which started with the stock market crashed and marked the beginning of the Great Depression and consisted of Dust Bowl in South. Great Depression was the worst economic downturn in American history with millions of dollars loss in stock market crash.... [tags: Great Depression, Franklin D. Roosevelt]
1087 words (3.1 pages)
- 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]
1184 words (3.4 pages)
- 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]
1182 words (3.4 pages)
- The Great Depression in the United States began on October 29, 1929. The American stock market–which had been roaring steadily upward for almost a decade–crashed, plunging the country into its most severe economic downturn yet. President Herbert Hoover believed that it wasn’t the federal government’s job to try and resolve. The Depression grew worse and by 1932 at least one-quarter of the American workforce was unemployed. President Franklin Roosevelt took office in 1933, he acted swiftly to try and stabilize the economy and provide jobs and relief to those who were suffering.... [tags: Franklin D. Roosevelt, Great Depression, New Deal]
885 words (2.5 pages)
- Depression as an economic term is a long and severe slump or downturn in an economy or market. One of the most famous and catastrophic depression in history of the United States is the Great Depression which occurred in 1929 and lasted for 10 years after. It was the deepest and long lasting economic recession in the history of the industrialized western world. It is not possible to point out only one factor of the Great Depression because it was a combination of domestic and international conditions that led to the downfall of the American economy in 1929.... [tags: Wall Street Crash of 1929, Great Depression]
776 words (2.2 pages)
- Basic Causes of the Great Depression The Great Depression was the longest American slump in the economy to ever occur. The Great Depression lasted for about a decade between 1929 and 1939, the dates of the Stock Market Crash of 1929 and the starting of World War II. A number of factors actually caused the Great Depression. One commonly known factor said to have caused the Great Depression is the Stock Market Crash of 1929, although this is not directly correct. The market crash was only a symptom of, as well as a transition into, the Great Depression.... [tags: Wall Street Crash of 1929, Great Depression]
1111 words (3.2 pages)
- During the great depression in the late 1920’s and early 1930’s numerous American people were affected in a wide variety of ways. The great depression highlighted numerous failings of the capitalist system and with the emergence of Russian bolshevism and German facism at this time, the face of American politics began to change and the changes in the labour market were a reflection of this. With the election of Franklin Delano Roosevelt, major changes began to unfold in American society, which were somewhat revolutionary in their nature.... [tags: Great Depression, Franklin D. Roosevelt]
2318 words (6.6 pages)
- Signorile 1 The Great Depression is known to be the most worldwide depression of the entire twentieth century. It is well known and still studied today in history. The Great Depression was cause when the stock market crashed in the late 1920s. Before the Great Depression everything appeared to be going well and poverty was at a high in the twenties in which was referred to the roaring twenties. The Great Depression started on October 29, 1929, which is the day the stock market collapsed. This day is referred to as Black Tuesday.... [tags: Great Depression, World War II, Unemployment]
1272 words (3.6 pages)
- The Great Depression was a time of profound social and economic change. Eleanor Roosevelt exhorted American women in 1933 and said, “The women know that life must go on and that the needs of life must be met and it is their courage and determination which, time and again, have pulled us through worse crisis than the present one.” The stock market crash in 1929, which was known as Black Thursday, in which millions of investors, brokers and banks lost an enormous amount of money. The effects of the Great Depression were huge across the America.... [tags: Depression, WWII, Roosevelt]
1558 words (4.5 pages)