A tactic used by housewives in an effort to make the most out of every cent.
What is penny-pinching?
200
Business's responded to the booming economy by producing more goods than necessary
What is overproduction?
200
It fell 40%, from 1929-39
What was the total amount Canada's GDP dropped?
200
living in poor, unclean conditions with little to no income
What is poverty?
300
Canada's economy slowed even more when they placed heavy tariffs, or exit taxes on their goods
What is protectionism?
300
This dropped to 27% in the depth of the depression.
What was the unemployment rate in Canada in 1933?
300
Many families lost their homes to the bank due to their low income and not being able to pay off their loans.
What is eviction?
400
Canada relied heavily on the US economically, and when US factories shut down, unemployment rose significantly in both countries
What was Canadian dependence on the United States?
400
Single, unemployed men were paid 20 cents a day to work on projects like clearing roads and logging
What were work camps?
400
Approximately 1 in 5 Canadians relied on this during the depression, as they were unable to support themselves.
What is government relief?
500
Many Canadians bought stocks with small down payments and big loans in hopes to make a profit when prices went and instead prices fell and they were financially ruined.
What is buying on margin?
500
The men in work camps began to the protest their poor conditions, and traveled to Ottawa to complain to the Prime Minister in person.