The Great Depression in Canada

Throughout the years of 1929 to 1939, there was a world wide Depression. Canada was one of the countries that was most affected. Financially and economically the country began to collapse regardless of what was done by political power. The Great Depression, also known as The Dirty Thirties, wasn't like an ordinary depression where savings vanished and city families went to the farm until it blew over. This depression affected everyone in some way and there was …

…bought on credit. There was no way they could pay bank loans without even having a job so their only hope was bankruptcy. Many people that had no money invested in the stock market even though it was still affected by the stock market crash. Banks also declared bankruptcy because they also bought stocks and since the stock market crashed, they were also left with nothing, so the savings of innocent people were lost too.