Defence;ess Prairies

It is unknown exactly when the depression in Canada began, but many associate its inauguration with October 29, 1929. That day, also known as “Black Tuesday” , was the day the stock markets in Toronto, Montreal and Vancouver and the grain trade in Winnipeg came to a crashing end. The failed markets not only hampered Canadians but they also took their toll on the rest of the world. In addition to the Canadian “Black Tuesday” another infamous day in history known as “Black Thursday” was the day the American markets began their downward spiral. This crash was devastating to C

Another major reason resulting in the decline of Americans buying the Canadian wheat was a crucial error in their expectation of crop prices. The Americans believed that the prices would continue to rise so in turn they began producing mass quantities of grain. Eventually, the market bottomed out and sales collapsed leaving the American farming industry with an intense surplus of wheat. This was devastating to the prairie farmers of Canada as their own miscalculation led them to stockpile grain, which they eventually were unable to sell. Although farming was the major investment among the Canadian prairies it was not the only industry to suffer at the hands of the market crash. Other important industries such as lumber, newsprint and fish also began to feel the demise of sales. Canada as a whole was slowly spiraling downwards: “As the west and wheat went, so did the rest of Canada. Farmers stopped buying. Eastern factories closed, or laid off hundreds. Construction virtually stopped. Banks no longer lent money…more and more factories were shut down and the rolls of the poor grew longer and longer and the gloom and despair deepened”. Everyone was affected in one way or another by the depression period. Farmers in particular took the brunt of the misfortune as they had more than a market crash to contend with.

anadian farmers as the United States government began implementing tariffs to protect their own farmers and industries. Those tariffs were imposed to prevent import sales of wheat and other grains from neighboring countries. Thus leaving Canadian farmers stranded with a

Some topics in this essay:
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