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Write a 1 page paper on great depression. CONSEQUENCES OF ‘DIRTY THIRTIES’ IN CANADA The great depression was a breaking and recession of the economy that beganon 29th October, 1929 caused by a crash
Write a 1 page paper on great depression.
CONSEQUENCES OF ‘DIRTY THIRTIES’ IN CANADA The great depression was a breaking and recession of the economy that beganon 29th October, 1929 caused by a crash in the stock markets1. It started in the United States but affected Canada and other European countries and other parts of the world. It ran for almost a decade and caused political instability loss of employment, poverty and increased hunger.The effect of depression:Individuals: Although the depression was experienced in all parts of Canada, it was hard in the West region, (Saskatchewan and Alberta).
Droughts occurred due to lack of rainfall and all crops dried away. It led to lower production of staple and cash crop food like wheat, which led to low income2. Misuse of land by farmers caused soil erosion by wind storms. plagues of grasshoppers invaded their wheat and caused massive losses. It caused migration of civilians in other parts of the country, which had not been hit hard (Atlantic and southern parts).Production industries and companies: they had to reduce production, especially farm inputs, this led to dropping off of employees hence rising unemployment, few people considered luxury items therefore affecting industries producing such appliances for example cars3.
Other parts of Ontario and Quebec went through unemployment since mining and forest tourists had dropped. For British Columbia province, which majors in horticulture encountered an economic downfall due to low demand hence workers were laid off. The Newfoundland province had to ask for government help for the crisis (Wiegand, 254). Very few wealthy citizens benefited from the depression since they acquired property due to the low value and cheap prices and later sold it at higher rates. In addition, few big industries capitalized on the chance of depression since they didn’t have to pay wages as many workers were dismissed.
Political instability: A lot of pressure from the economy and citizens, the whole country faced to politics to try to save the situation, they overthrew the past political parties and brought in liberals lawyer Richard Bennett hoping to bring a difference4. Thesis statement:The dirty years of thirties in Canada caused by the great depression brought the major downfall in Canada economy affecting civilians generally.Contrary few citizens and companies took advantage of the dirty years of thirties to establish themselves well off.
BibliographyWiegand, Steve. Lessons from the Great Depression for Dummies. Hoboken, NJ: Wiley, 2009. Internet resource.