Ask a Question
or
Create a Poll
  1. Home /
  2. Questions /
  3. Places
  4. / North America
  5. / Canada

by game masta on October 25th, 2006

game masta

Question

Help answer this question below.

What happened during the Great Depression in Canada?

  • Like
  • Report
Share:
Other

Answers. 1 helpful answer below.

  • by Perryman on October 25th, 2006

    Perryman

    Source PBS.org

    “During the economic boom of the "Roaring Twenties” the average American was busy buying automobiles and household appliances, and speculating in the stock market, where big money could be made. Those appliances were bought on credit, however. Although businesses had made huge gains -- 65 percent -- from the mechanization of manufacturing, the average worker's wages had only increased 8 percent.

    The imbalance between the rich and the poor, with 0.1 percent of society earning the same total income as 42 percent, combined with production of more and more goods and rising personal debt, could not be sustained. On Black Tuesday, October 29, 1929, the stock market crashed, triggering the Great Depression, the worst economic collapse in the history of the modern industrial world. It spread from the United States to the rest of the world, lasting from the end of 1929 until the early 1940s. With banks failing and businesses closing, more than 15 million Americans (one-quarter of the workforce) became unemployed.” Believe me it got ugly.

    I was just at a private sale at a home of two survivors of the Great Depression, and believe me, as with many of the people who lived through that era, these folks never threw anything away!

    See it in pictures here:

    http://www.english.uiuc.edu/maps/depression/photoessay.htm

    1 comment | Post one | Permalink

Want to attach an image to your answer? Click here.

Did this answer your question? If not, then ask a new question or create a poll.

More Questions. Additional questions in this category.

You're reading What happened during the Great Depression in Canada?

Follow us on Facebook!

Related Ads

Related Questions

Professionally Researched

ANSWERBAG BUZZ

What happened during the great depression in canada
Why did the great depression happen in canada
The great depression in canada
What happen in the great depression in canada
Great depression in canada pictures

Answerbag

a Demand Media company