When investors buy on margin and stock rises quickly in value; then investors sell their stock and repay loans
what is speculation?
100
Men ride on freight trains to travel the country
What was it riding the rod?
100
Mackenzie King said that social welfare was the responsibility of the provinces and he would not give __________to any province that did not have a liberal government.
What is Five cents?
100
The prairies were hit by a massive drought that started in ____ till _____.
What is 1928-1936?
300
1.Sellers panicked and value of stocks declined
2.Those who borrowed heavily went bankrupt in a single day
What is the result when investors started selling their shares?
300
Investors buy stock by using borrowed money
What is buying on margin?
300
By winter of _____, over ____ of Canada's workforce was unemployed
What is 1933 over 1/4?
300
No one had realized it became an international problem and most stable democracies were frightened of a radical change.
Why did it take so long for the government to respond to the economic issue?
300
In 1935, the federal government helped farmers build irrigation systems
What is the Prairie Farm Rehabilitation Act?
500
A major cause of economic collapse once regularly practiced
What is Buying on Credit?
500
1.Overproduction
2.Canadas dependence on a few primary resources
3.Canadas dependence on the US
4. High tariff protectionism
5.Buying on credit
6.Buying on margin
What is the 6 factors that led to the depression?
500
1.Wait in line for hours
2.Swear they owned nothing of value
3.Had to be evicted from their homes
What is the three things citizens had to do to receive pogey?
500
This was ineffective in campaigning because people didn’t believe it would happen
What is Bennett's New Deal?
500
They stalled trains and buses, clogged car radiators, and almost choked a dental patient to death while he had his mouth open