It was more than a lack of understanding. It was an aimless, confusing feeling, as though the world had disappeared. The same feeling you have during an earthquake that's beyond your control. It was the year 1930 when the great depression had started. One of the most controversial topics is how the great depression began. No one actually has a completely accurate answer on what caused it, however through an examination of the Great Depression of 1929, it will be shown that it's main causes were bank failures, post world war one costs and the stock market crash.
Back in the day many people had the mentality that the stock market was an easy way to triple up your money. However they weren't really informed about how the stock market could crash …show more content…
However many people were still adjusting to changes, having the men back and woman starting to work as well. Large business owners didn't have a lot of money to support all the people coming back from war especially when they spent billions of dollars on the cost of war. There was a lot of destruction and citizens having to adjust to working to feed more people as many of the men coming back from war were unable to work. Although world war one did not cause the depression directly it still it still had a huge part in it. World war one costed a lost of money on Canada. Being a very small country at the time, Canada spent over $1,665,576,000 on the effort. After the war countries struggled effortlessly to rebuild and repay their wartime debts. Prime Minister R.B Bennett had promised the people a more progressive taxation system, a maximum work week, a minimum wage, closer regulation of working conditions, health and accident insurance, unemployment insurance, and much more. Although after the stock market crash in 1929 it was very hard for countries like Canada to pick up the pace with millions unemployed and many families struggling to put food on the table. Therefore to help people with the depression the government set out an emergency relief act which would be for people who had nothing at all and needed some money to live off
Back in the day many people had the mentality that the stock market was an easy way to triple up your money. However they weren't really informed about how the stock market could crash …show more content…
However many people were still adjusting to changes, having the men back and woman starting to work as well. Large business owners didn't have a lot of money to support all the people coming back from war especially when they spent billions of dollars on the cost of war. There was a lot of destruction and citizens having to adjust to working to feed more people as many of the men coming back from war were unable to work. Although world war one did not cause the depression directly it still it still had a huge part in it. World war one costed a lost of money on Canada. Being a very small country at the time, Canada spent over $1,665,576,000 on the effort. After the war countries struggled effortlessly to rebuild and repay their wartime debts. Prime Minister R.B Bennett had promised the people a more progressive taxation system, a maximum work week, a minimum wage, closer regulation of working conditions, health and accident insurance, unemployment insurance, and much more. Although after the stock market crash in 1929 it was very hard for countries like Canada to pick up the pace with millions unemployed and many families struggling to put food on the table. Therefore to help people with the depression the government set out an emergency relief act which would be for people who had nothing at all and needed some money to live off