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 …show more content…
The Depression created many different political movements including the Social Credit theories by William Aberhart, Work and Wages program by B.C Premier T.Dufferin Pattullo and the democratic socialism of J.S Woodsworth and the co-operative Commonwealth Federation. The national impact of these organizations was small but the depression did bring state responsibility for the economy and social welfare. The government eventually sets up the Bank of Canada, who were to regulate monetary policy, the Canadian Wheat Board who sets a floor price (minimum) for wheat and unemployment insurance which provides people in between jobs a small income to stay
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 …show more content…
The Depression created many different political movements including the Social Credit theories by William Aberhart, Work and Wages program by B.C Premier T.Dufferin Pattullo and the democratic socialism of J.S Woodsworth and the co-operative Commonwealth Federation. The national impact of these organizations was small but the depression did bring state responsibility for the economy and social welfare. The government eventually sets up the Bank of Canada, who were to regulate monetary policy, the Canadian Wheat Board who sets a floor price (minimum) for wheat and unemployment insurance which provides people in between jobs a small income to stay