In the October of 1929, the Wall street stock market had crashed. The Crash was so great that it had left the bank accounts of almost everyone empty. The reasons why the stock market crashed is because stocks were overvalued and people were buying stocks on margin.
The Stock Market Crash of 1929 was a significant event to Canadians because it had affected millions of Canadian who invested in the market. It had severely affected the Canadian economy and led to many people becoming homeless with no assets. Many companies, farms and other businesses either shut down or were suffering. Many Canadians had lost their jobs and a lot of money. It had been a threat to Canada’s trade relations with other countries as if they had found