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Jode

Submitted by oppapers on March 17, 2004

Category: Book Reports
Words: 2274 | Pages: 10
Views: 320
Popularity Rank: 22,225
Average Member Grade: N/A (Add a Comment / Grade this Paper)

During the Great Depression of the 1930's, Canada's Prairie provinces
suffered more than any other area in Canada. This time frame brought for
the farmers many years of droughts and grasshopper plagues, as each year
got worse without any rainfall whatsoever. The impact of the Great
Depression on the Prairie provinces was devastating and it's impact on the
region was social, political and economical. During this period
unemployment reached high levels, prices of products were falling and
purchasing power was getting very weak. To try to help out unemployed
people, mostly men, the government introduced relief camps. During the
1930's in Prairie Canada, the Great Depression created harsh conditions and
it was a struggle until it ended.

The event which triggered the Great Depression was the Stock Market
crash of October 24, 1929 in New York. Another important cause was that:

Later in the 1930's, the wide adoption of the gold exchange in
many countries was widely criticized as a great mistake which
greatly contributed to the severity and length of the Great
Depression. 1


In Canada, wheat, the most important export, was being over-produced
around the world, despite the fact that the 1928 supply of wheat was still
available in 1929.

A good reason for the stock market crash in 1929 was that,
the values of stocks of the New York Stock Exchange were
grossly over-valued, but government and business appeared to
ignore the signs. 2

Canadian revenues that came in from export sales were dependent
largely upon the United States who had the money for growth; the
commodities were grain, pulp and paper and metals. Then when the New York
crashed on October 1929, stock prices fell...

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