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Events. January 10 – Lomer Gouin becomes Quebec's 15th Lieutenant Governor, serving until his death on March 28, 1929. March 22 – The Canadian schooner and rum-runner I'm Alone is sunk by the US Coast Guard's USCGC Dexter. April 4 – Henry George Carroll becomes Quebec's 16th Lieutenant Governor.
Oct 18, 2013 · In late October of 1929, terror seized the stock exchanges of North America. 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.
In 1930-1931 the Canadian government responded to the Great Depression by applying severe restrictions to entry into Canada. New rules limited immigration to British and American subjects or agriculturalists with money, certain classes of workers, and immediate family of the Canadian residents.
Jul 11, 2013 · Between 1929 and 1933, the country’s Gross National Expenditure (overall public and private spending) fell by 42 per cent. By 1933, 30 per cent of the labour force was out of work. One in five Canadians became dependent upon government relief for survival.
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.
In the midsummer of 1929 some 300 million shares of stock were being carried on margin, pushing the Dow Jones Industrial Average to a peak of 381 points in September. Any warnings of the precarious foundations of this financial house of cards went unheeded.
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