Boom and Bust: An event when an economy’s great prosperity is dramatically followed by a great decline (boom = increase, bust = decrease)
After the war years, things went good for Canada’s economy
Canadian and American companies began to expand rapidly, causing oversupply and a decline in their economies
When the economies declined rapidly, investors sold some of their millions of shares which resulted in a crash, also known as the “boom”
Stock Market: Stock exchange
The stock markets were invested by mostly middle class Canadians
Canada’s and the United State’s boom and bust of stock changes resulted in the great crash on October 29, 1929
Share: A unit used for ownership of investments in a company
During the booming of Canada and the United
After the war years, things went good for Canada’s economy
Canadian and American companies began to expand rapidly, causing oversupply and a decline in their economies
When the economies declined rapidly, investors sold some of their millions of shares which resulted in a crash, also known as the “boom”
Stock Market: Stock exchange
The stock markets were invested by mostly middle class Canadians
Canada’s and the United State’s boom and bust of stock changes resulted in the great crash on October 29, 1929
Share: A unit used for ownership of investments in a company
During the booming of Canada and the United