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November 13 – A second stock market crash hits Canada. Arts and literature. January 6 – Regina's Darke Hall auditorium opened. Science and technology. Wop May and Vic Horner brave poor visibility and −30 °C temperatures in an open cockpit to rush diphtheria anti-toxin to Fort Vermilion.
Capitalism’s speculative party, with its galloping share prices and its celebrity millionaires, came to an abrupt stop. The Great Crash, it was called, and it was followed by the Great Depression. The wheat glut of 1928 threw the Winnipeg Grain Exchange into a spiral, triggering a depression in Canada's economy.
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The Great Depression. Following the New York stock market crash in October 1929, Canada sank into 10 long years of economic and social despair. The New York stock market collapsed in the fall of 1929, as stocks lost 39 per cent of their value, or 10 times the U.S. government’s annual budget.
The number of immigrants accepted into Canada dropped from 169,000 in 1929 to fewer than 12,000 by 1935. It never rose above 17,000 for the remainder of the decade. During that time, European Jews fleeing Nazi Germany were denied sanctuary in Canada.
The five women who initiated the case are known in Canada as the Famous Five. In November, the 1929 Grand Banks earthquake occurred off the south coast of Newfoundland in the Atlantic Ocean.
Sep 11, 2019 · October 24, 1929, marked the beginning of a four-day stock market crash in the United States that had global ramifications. Canada, with its resource-based economy, suffered immensely. The pain was amplified by a drought that plagued Western Canada during the dirty thirties.
