The Stock Market
Where was all the stock market trading handled?
Wall Street, New York
What was Black Thursday
16 million shareholders tried to get their money out of the market at once, and there was not enough --> crash
He was the PM during which 3 important times in Canadian history?
The Boom, the crash and WW2
What was the New Deal?
laws to control working hours, offer a minimum wage, improve working conditions and provide health insurance, workplace accident insurance and widespread unemployment insurance
What are the dates of WW1?
1914 - 1918 (November 11th)
Why were people getting suspicious of the high stock prices/values?
People saw that the economy was slowing down + companies were struggling
What were his two main priorities?
Unity and separation form GB
Why did RBB put in work camps?
To quell fears that the unruly and unemployed men would disrupt public order.
What at the dates of the Great Depression
1929-1935ish
What is one main difference between the stock market today and in the 1920s?
- manual vs digital
- no laws vs laws
What were two consequences of the crash? (from notes)
-businesses closed
- unemployment
-loss of savings
-merchants who supplied clothing, food, etc. went bankrupt.
What was his response to Canadians asking for help with the Depression? (quote)
Why was RBB considered as having the right experience to solve the economic crisis?
He was a prominent businessman who was influential and well-connected to important businesses in his community
What are the dates of WW2
1939-1945
How did the stock market help people get richer?
By investing into a rising market, people's money could grow and make them a profit without working
Who suffered the most and least from the Crash? Why
Most = prairies because they have prospered the most during the Boom
Least= maritimes because they had prospered the least during the Boom
Which two political parties emerged during the Great Depression?
Social Credit and Union Nationale
How did unhappy men in work camps respond to their low wages?
Stike, Trek-to-Ottawa
What is the date (month day and year) of the Stock Market Crash?
October 29th, 2029 (Black Thursday)
Why were stock market bankers able to manipulate the market without consequence?
There were not laws or regulations limiting them
The crash spread in a chain reaction over the following years. Canada couldn't export its products to other countries, because they too had no money to spend.
Explain the King-Byng affair.
Some members of the government were smuggling alcohol while it was banned, so King wanted to dissolve parliament and do another snap election before the public found out. Byng refused. But later the liberals still won in the elections and limited the GG power.
Why did Canadians not like the "food voucher" idea?
What is today's date?
:)