The Parallels Between The Great Depression And VideoParallels between Great Depression and today's soundofliberation.com The Parallels Between The Great Depression And
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The worldwide Great Depression of the early s was a social and economic shock that left millions of Canadians unemployed, hungry and often homeless. Few countries were affected as severely as Canada during what became known as the "Dirty Thirties," due to Canada's heavy dependence on raw The Parallels Between The Great Depression And and farm exports, combined with a crippling Prairies drought known as the Dust Bowl. Widespread losses of jobs and savings ultimately transformed the country by triggering the birth of social welfarea variety of populist political movements, and a more activist role for government in the economy. Wages fell, as did prices. In some areas, the decline was far worse. In the rural areas of the prairies, two thirds of the population were on relief.
Further damage was the reduction of investment: both large companies and individuals were unwilling and unable to invest in new ventures. Canada's economy at the time was just starting to shift from primary industry farming, fishing, mining and logging to manufacturing. Exports of raw materials plunged, and employment, prices and profits fell in every sector.
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Canada was the worst-hit because of its economic position. It was further affected as its main trading partners were Britain and the U. One of the areas not affected was bush flyingwhich, thanks to a mining and exploration boom, continued to thrive throughout this period.
Farmers who stayed on their farms were not considered unemployed. Wages fell as did prices. In some areas, such as mining and lumbering areas, the decline was far worse.
The Prairie Provinces and Western Canada were the hardest-hit. The region fully recovered after The fall of wheat prices drove many farmers to the towns and cities, such as Calgary, Alberta ; Regina, Saskatchewan ; and Brandon, Manitoba.
Population in the prairie provinces fell below natural replacement level.]