What did Canadians think was the easiest way to become rich in the 1920s?
100
Buying on a margin was the major cause of the Depression and the stock market crash was not.
What was and wasn't the major cause of the Depression?
100
They went bankrupt in one day
What was the result of investors who borrowed to buy stocks?
100
Pogey
What was the alternative source of income for those who were struggling?
100
Private charities contributed by meals and clothing. A soup kitchen was provided for the homeless and jobless.
How did a society contribute to help one another throughout the Depression?
200
There was a collapse of the wheat market and a drought had hit them in 1928 which also led to a plague of grasshoppers in the area.
Why were the conditions particularly severe at the Prairies?
200
At the time when the economy was still thriving, businesses were overproducing their materials. As a result, workers were laid off leaving them with barely any money to buy goods.
How did overproduction influence the Depression?
200
They suffered living off with no money and travelled across the country find for jobs.
How did the unemployed react to the Depression?
200
Implement work camps
What was the conservative government's solution to resolve unemployment?
200
Farmers were able to build irrigation systems and reservoirs
What was the Prairie Rehabilitation Administration Act?
500
When countries began implementing tariffs on imported goods, it became more expensive for Canadians products to be sold thus the plummet of the economy.
How did protectionism cause the economy to slow down?
500
Canada was competing with other countries to sell their most reliant products such as wheat, fish and minerals. This caused the prices to go down.
How did other countries influence/impact the Depression in Canada?
500
He created work camps that had poor conditions and payment. R.B Bennett did not choose to listen to the complaints of workers. People began to feel outraged by the unchanging results of the Depression.
Why was R.B Bennet unsuccessful as a Prime Minister?
500
He believed that capitalism wasn't the way to go and that by giving $25/month, people can spend it on goods and jump start the economy.
Why did William Aberhart come up with a "social credit"?
500
Canadians didn't expect the Depression and therefore couldn't pay back after being unemployed.