Show:
Causes
Consequences
Changes
200
why was Canada's dependence on the states a factor?
Canada relied heavily on the states and when American factories closed and demand for Canadian products dropped Canadian factories had to close and workers lost their jobs.
200
as the world economy started to slow down many countries responded by placing what on imported goods?
Taxes and Tariffs
300
Canada's economy was reliant on a few primary products such as wheat, fish and minerals. When other countries started to sell the same products what happened to the Canadian economy?
The value of these products went down negatively affecting the economy.
300
what happened to people who lost their jobs but still owed money to the buy now pay later system.
They still owed money that they did not have and were financially ruined.
300
How many people were unemployed at the peak of the depression?
Over 1/4 of the Canadian workforce
400
Buying stocks with small down and a large loan was called?
Buying on margin
400
A large number of people worked at factories. what happened when the had to cut production?
Many people lost their jobs and were unable to make a living wage.
400
Although some wealthy middle class Canadians didn't notice much change to their lifestyle, who would have severely affected?
Factory workers
500
What was the leading cause of the depression?
Overproduction
500
What happened to the employment rate in Canada during the depression?
It grew tremendously
500
What system allowed Canadians to buy now and pay later?
buying on credit