The Great Depression
The 1930’s were a decade of hardships and regret for people all around the world. This decade was huge in contrast to the success that the world held in the 1920’s. The most significant event in the 1930’s was the Great Depression. It was the worst economic disaster that the modern world had ever experienced, and it brought terrible suffering to millions of people. The Great Depression affected countries around the world, but few were impacted as severely as Canada. The living conditions of many Canadians had deteriorated. Situations occurred that made the bad economic times worse. In 1929 the stock market collapsed, businesses went bankrupt, workers lost their jobs, and trade between provinces and countries had severely declined. As well, prairie farmers in western Canada experienced many hardships such as droughts and plagues of locusts, which destroyed their farms and livelihoods. These situations were made worse by Canadian politicians who did not know how to handle this economic disaster. They were unwilling and unable to try new solutions to solve Canada’s economic problems. The Great Depression of the 1930’s had many devastating impacts upon the lives of Canadians because it caused massive unemployment, slowed the
Canadian economy, ravaged the prairies, and it challenged Canadian politicians. The weather in the prairies greatly contributed to the disastrous effects, which took place upon western Canada during the 1930's. The prairies suffered a terrible drought in 1929 and it lasted 10 insufferable years. The once, lush fields dried up and the crops burned in the sun. Furthermore, high temperatures, blizzards, dust storms, and hot and dry winds caused the complete downfall to the prairies during the Great Depression. To make matters worse, plagues of locusts came upon the prairies in 1932. The insects swept across the prairies in dark clouds, settling on trees and fields and stripping grass, leaves, and grain crops. All these factors contributed to complete crop failure on prairie farms and caused devastation to farmers. As situations got worse, some farmers stayed behind on their farms but many started to leave their land and wander across Canada looking for work. People were so desperate that they did not have a job, money, enough food and only ripped clothing to wear. A mass migration of farm workers, starving and hopeless, migrated to the cities, only to find a situation not much better and sometimes worse. The Great Depression also destroyed millions of acres of rich prairie land, which was central to the western Canadian economy. The Great Depression along with the harsh situations in the prairies had completely devastated the livelihoods of farmers and their lands. These farmers and other Canadians were desperate and hoping for solutions from their leaders and politicians. The Great Depression devastated many businesses in Canada as well as impacted foreign trade. Many businesses in Canada went bankrupt as a result of the stock market crash. Consequently, companies had vanished as the demand for goods and services and the value for stocks had dropped. However, those businesses that managed to survive had to lower prices, lay off workers, and reduce wages. Also, Canada’s economy was greatly affected by the collapse of world trade. The Great Depression led to a sharp decrease in foreign trade as Canada tried to protect its own industries and products by raising tariffs on imported goods. However, other countries also raised their tariffs on imports and this resulted in less trade and fewer sales. The worldwide demand for Canadian goods began to fall in 1929. Therefore, attempts to protect the Canadian economy by raising tariffs and prices on imports reduced its trade with other countries during the Great Depression. It is also estimated that the gross national product in Canada had dropped by more than 48% by 1933. This meant that in Canada, there was very little economic activity, more unemployment, and very
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Approximate Word count = 1848
Approximate Pages = 7 (250 words per page double spaced)
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