Essay about The Results And Cause Of The Great Depression

1145 Words Jun 9th, 2015 null Page
The Results and Causes of the Great Depression

The end of World War One saw The United States become the economic power of the world, which tied multiple nation’s economies with theirs. When the stock market crashed in 1929 causing the Great Depression, all countries tied with the U.S were dragged down along with them. This resulted in many citizens becoming unemployed and searching for jobs. Canada was affected severely as one in five Canadians became dependant on government relief for survival. Governments during this time had a tough go at ending the high unemployment rates and harsh living conditions that many people were forced into. When the Stock Market crashed causing the Great Depression, the U.S economy took other countries down with them, leaving citizens seeking jobs and the government searching for answers.

Following World War One, Canada’s ties to its mother country of Great Britain were falling apart. Canadians were upset that they had to fight someone else 's war, so they became an independent country and began trading with the U.S, as this was easier and America made a greater investment in Canada. After World War One many countries economies suffered due to investments made in the war and were looking for help. Being the economic giant of the World, the United States began handing out loans to countries in need, bringing their economies together. When the U.S. stock market collapsed on October 29th, 1929 it took the economies of most other nations with…

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