1929, the New York, Toronto and Montreal stock markets fell.
200
What is a pogey
Government aid to those who have no alternate source of income
300
Why did so many people buy stocks?
Stocks were seen as a good investment as their value continued to increase.
300
Why were so many governments being voted out of office?
Many failed to do help the people by providing aid and assistance
400
Why did the value of stocks start to fall?
Investors began to sell their stocks for as much profit as possible, driving down the price of the stock.
400
Why were Canadian goods made even more expensive to be bought outside of Canada?
In an effort to slow the depression tariffs were put in place to provide additional income to governments.
500
Why did laying off workers worsen the economy rather than help?
The worker now had even less money to spend on personal goods, less money is being spent so more people are laid off and the cycle continues.
500
How did the federal government first react to the depression?
The current prime minister at the time acted like he did not care about the suffering of the people by only helping provinces under liberal government.
500
What other problems were there on the prairies?
Grasshoppers. They swarmed fields and towns, clogging intakes and stalling cars, they nearly killed a man in by filling his mouth.
500
Why was the depression so hard on the prairies?
Large drought for eight years reduced the crop sizes, thus income for farmers and millions of acres of fertile land were now dustbowls.
500
What did many young jobless men do in search of jobs?
They “rode the rods” as in they traveled the country by jumping onto trains and moving from shantytown to shantytown in search of jobs that do not exist.