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Causes of the Depression
Causes of the Depression
Causes of the Depression
Causes of the Depression
Causes of the Depression
100
The unemployment rate during a certain time was 4.2%.
What was the rate of unemployment in the 20's?
100
It occurred on October 29, 1930.
What is the date of the New York stock market crash?
100
Buying on credit, a problem that was then and is now.
Name a cause of the depression that still effects us today.
100
Buying stocks on margin.
What was one of the major causes of the Depression, that specifically started when the stock market collapsed?
100
Almost 25% was the unemployment rate during a certain period of time.
The percentage of Canadians unemployed at height of the depression (1933).
200
In the 20's, the economy was very good, so the companies started to make more and more goods, for example radios. But too many goods were made, meaning they sat unsold. The prices of the goods then started to drop.
Explain overproduction, what it is and what caused it.
200
Wheat, fish, minerals, pulp, and paper.
What are three exports that Canada depended on for the economy?
200
A relief system put into place my government, which gave people who were very financially deprived food vouchers, although they were not usually enough to pay for all the food anyways. To qualify for these vouchers, people had to announce their financial situation publicly and say they owned nothing of value.
What does living on "pogey" mean?
200
When the "buy now, pay later" motto started to be thrown around, in the twenties, Canada was still in a good economic place, but because of all the poverty in the thirties, Canadians could no longer make their payments, and many of their possessions were taken.
How did buying on credit add to the poverty of Canada?
200
Started in 1928, and continued for 8 years.
What was the date of the big prairie drought?
500
Overproduction, Canada's dependence on the states, Canada relying on certain exports, protectionism, buying on credit, buying on margin.
Least at least four key factors that led to the Great Depression?
500
1929, 1931, and 1933–37.
Why were Canadian farmers bankrupt and what were the dates of the events that caused them to be bankrupt?
500
"Riding the rails" was people, mostly young men, who had to go looking for work but had no money for traveling, illegally hopping on trains. They would ride in empty carts, on top of the train, or even underneath clinging onto the bars. It was very unsafe but many people had no other way to move form city to city. "Jungles" were kind of like camps that were set up around towns and cities, they had a high concentration of homeless people, and were a place of refuge for hobos (the people hopping the trains). Although, they were also known to be quite dangerous at times, one had to be very careful in "jungles".
What does "riding the rails mean", and what are "jungles"?
500
Prairie Farm Rehabilitation Administration Act.
What is the act the government made in 1935?
500
Countries started putting taxes and duties on imports, making Canada's goods harder to sell, so Canada's economy slowed down even more.
Describe Protectionism.