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Dates
Reasons
People
Political Change
Vocab
100
When did the depression start?
1920s
100
What is one event that started the depression?
Collapse of the stock market
100
What is William Lyon Mackenzie King known for?
Five Cent Speech
100
What does CCF stand for?
Cooperative Commonwealth Federation
100
What is protectionism?
It is an economic policy that restrains trade with other states/countries by creating tariffs and duties.
200
In what election was Mackenzie King voted out of power?
1930 election
200
Name three factors of the depression.
Canada's dependence on selective sources, overproduction, protectionism.
200
What party was R.B Bennett part of?
The Conservatives.
200
What was the Social Credit Party based on?
They were based on the belief that capitalism was a wasteful economic system.
200
What is the motto for buying on credit?
Buy now, pay later!
500
By ____, more than one quarter of Canada's work force was unemployed and this led people to ___________________.
1930, look for work across the country by "hopping" on freight trains.
500
Why was the collapse in stocks the reason for the beginning of the depression?
It was the first reason because many people heavily relied on and invested in stocks ad once the market collapsed, several people went bankrupt.
500
Why was R.B Bennett a target for people's anger and frustration?
He was a target because none of his ideas were helping the economy. Also, he lived lavishly while majority of Canada was living in poverty. This angered the people since Bennett did not seem to care for the people.
500
How did the National Employment Commission contribute to making things better during the depression?
They found that unemployment was a national problem and urged that the government spend money to create jobs, which eventually took place.
500
What is overproduction and how did it contribute to the great depression?
Overproduction is an excess of products. Companies produced more product than needed which did not get sold. As a result, production was slowed and many workers were laid off. These people did not have the money to spend on goods and eventually this slowed economy.