Show:
miscellaneous
consequences
causes
miscellaneous
miscellaneous
100
When was the Depression?
1920s
100
Around what percentage of Canadians were unemployed during the Depression?
25
100
What was the stock market and what happened to it?
The stock market were units of ownership in companies and it suddenly crashed.
100
who were most unaffected by the Depression?
upper class
100
Which stock market collapsed?
New York
200
Why it is called the Depression?
Many were unemployed and had little money and food to survive off of, therefore living in misery.
200
What is "Riding the Rods" and who did this?
Unemployed men traveled across the country by ¨hopping¨ freight trains clung to the rods underneath the train. After ¨riding the rods".
200
Name two causes of the Depression
Overproduction and dependence on America.
200
What is the Depression?
The Depression was the deepest and longest-lasting economic downturn in the history of the Western industrialized world. A time when Canadians suffered unprecedented levels of poverty due to unemployment.
300
What happened in the Prairies during the Depression?
The prairies had a drought that almost lasted 8 years and also a plague of grasshoppers, stalling trains and buses, clogged car radiators.
300
Explain protectionism
As the world economy slowed down, many countries responded by placing tariffs on imported goods. Tariffs made Canadian products more expensive and harder to sell in other countries. This caused the Canadian economy to slow down even more.
300
which products did Canada depend on and how did they lead to the sufferings of the economy?
The Canadian economy was heavily reliant on the sale of products such as wheat, fish, minerals, and pulp and paper to customers around the world. When other countries began to sell the same products, prices fell and the Canadian economy suffered.
400
What is the Prairie Farm Rehabilitation Administration Act and why was it made?
The Prairie Farm Rehabilitation Administration Act helped farmers build irrigation systems and reservoirs but by this time, drought and poverty had forced many farmers to leave their farms and move elsewhere.
400
how did Canada's dependence on American partially cause the Depression?
During the 1920s, Canada’s economy had become increasingly dependent on the United States. When American factories shut down, and unemployment rose, demand for Canadian products dropped. This, in turn, caused Canadian factories to slow down and the economy to suffer.
500
What is "pogey" and how did it help the people?
The "pogey" was government relief payments given to those who had no alternative source of income. They helped those who had nothing, survive as they were then able to buy food.
500
Why did the stock markets lay off workers as the economy was improving and how did this contribute to the Depression?
Businesses produced more than there was a realistic demand for: stockpiles of goods such as newsprint, radios, clothing, and cars sat unsold in warehouses. In response, many businesses slowed production and laid off workers. These workers now had less money to spend on goods, which slowed the economy down even more.