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- 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.
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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.
[1] Economic results. By 1930, 30% of the labour force was out of work, and one fifth of the population became dependent on government assistance. Wages fell, as did prices. Gross National Expenditure had declined 42% from the 1929 levels. In some areas, the decline was far worse.
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.
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.
In the Americas, an agreement was brokered to end the Cristero War, a Catholic counter-revolution in Mexico. The Judicial Committee of the Privy Council, a British high court, ruled that Canadian women are persons in the Edwards v. Canada (Attorney General) case.
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.
Jul 9, 2021 · The event that started the Great Depression was the stock market crashes that occurred in the fall of 1929. Within weeks many important companies lost much of their value. The stock market crashed because companies produced too many goods and the prices of the goods went down. There was little demand and too much supply.
