Great Depression

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Over the course of time, the great country that is Canada encountered many different setbacks. Although some were more significant than others, each of them had considerable effects on the way the country further developed itself. Whether economical, political, or social, these setbacks only strengthened Canada. One of the main impediments Canada had to deal with in the twentieth century was the Great Depression, also known as the Dirty Thirties. The Great Depression caused the economical state of the country to severely drop, the political aspect to radically change, and the social standards of the particular time to be significantly lowered. Although it had some terrible consequences, the Great Depression laid the foundation for Canada to become the economically established, politically unequaled, and socially incomparable country that it presently is.

The second decade of the twentieth century was extremely prosperous for most of Canada. The "Roaring Twenties," as they are commonly referred to, were a time of wealth, especially for Canada. Unlike the rest of the world, North America did not need to worry about any sort of war reparations from World War I; therefore it could freely concentrate on its economy. (Horn,17) Winston Churchill, the future Prime Minister of Great Britain was visiting Canada, having the following to say about it "We see Canada growing in every way education, civilization, numbers and wealth." This was September third, 1, less than two months away from the great catastrophe that was to follow. Unfortunately, the prosperity had a shorter duration than planned. On Tuesday, October th, 1, the stock market crashed in the United States, leaving just about everyone penniless. The Black Tuesday, as it became known in history, was only the beginning of huge depression that was to last for ten years. After New York, the Montreal and Toronto markets crashed as well, and soon it was all over the world. (Fethering, 17)

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