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. 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.
Stock Market crashed on October 24, 1929. 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 dramatically. When the stock.
market crashed, the Canadian economy suffered after the United States.
invoked high tariffs to shut out Canadian goods. In the Prairie provinces.
of Canada, in addition to economic depression was the effect of the nine.
years of drought and crop failures.
When the Great Depression plagued Canada, the country was not ready.