History Of 1929: From Boom To Doom

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From Boom to Doom October 29, 1929 was called "Black Tuesday", beginning in the United States where citizens from all over the world witnessed the most devastating stock market crash in history. The establishment of capitalism amongst the citizens of Canada in the 20s led to an increased demand for various goods and services. Canada had become a consumer society where assembly lines made mass production possible. In addition, after 1926, foreign demand for Canadian raw materials increased drastically. There was a better market for the traditional resources, like wheat and timber. The United States became Canada's biggest trade partner, making up the majority of its exports, with their increasing demand for new resources- pulp and paper and

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