https://padlet.com/mariakarinapilarest/r8zkwvn15a4e8l2i María Karina Pilares en-us 2022-03-27 18:48:14 UTC 2025-11-13 00:22:42 UTC hello@padlet.com mariakarinapilarest https://padlet.com/mariakarinapilarest/r8zkwvn15a4e8l2i/wish/2122825253 https://www.youtube.com/watch?v=P0q6sUqILqM

The following video provides a comprehensive explanation concerning the impact of the stock market collapse in Canadian economy. Canadians used to invest in the stock market, and due to its collapse, many citizens went bankrupt and became unemployed. The video details how did the economic crisis affected in politics as well, inasmuch as socialist parties started to grow during the consecutive years.]]> 2022-03-31 04:31:39 UTC https://padlet.com/mariakarinapilarest/r8zkwvn15a4e8l2i/wish/2122825253 mariakarinapilarest https://padlet.com/mariakarinapilarest/r8zkwvn15a4e8l2i/wish/2122827170 https://www.youtube.com/watch?v=heMhD8635qA

The video didactically explains how did the Great Depression affected Canada. During the 1920s, Canada's economy was doing extremely well. However, when the Stock Market collapsed, no one could afford the prices of Canada's exports, provoking countless of people to lose their jobs. During this period, the vast majority of Canadians were unhappy with Prime Minister Mackenzie Baker due to his lack of politics to solve the economic crisis. In the 1930 elections, M.B. Bennett was elected; he started a "Communist Hunt" and created work camps for single, young a poor men who later went to strike in Ottawa.]]> 2022-03-31 04:33:25 UTC https://padlet.com/mariakarinapilarest/r8zkwvn15a4e8l2i/wish/2122827170 mariakarinapilarest https://padlet.com/mariakarinapilarest/r8zkwvn15a4e8l2i/wish/2122827992 In this particular context, a transient is someone who belong to no particular municipality. A huge amount of unemployed single men in Canada were told to "move on". Due to the continuos protests, the government was forced to take a major role in supporting unemployed, sick, and poor citizens.]]> 2022-03-31 04:34:15 UTC https://padlet.com/mariakarinapilarest/r8zkwvn15a4e8l2i/wish/2122827992 mariakarinapilarest https://padlet.com/mariakarinapilarest/r8zkwvn15a4e8l2i/wish/2122828503 The Great Depression drastically changed the Canadian economic system. Before the stock market collapse, a huge amount of people used to believe that there was no real need for a Central Bank in Canada. Additionally, Prime Minister R.B. Bennett created a Royal Commission with the aim of establishing a direct method for settling international accounts.]]> 2022-03-31 04:34:40 UTC https://padlet.com/mariakarinapilarest/r8zkwvn15a4e8l2i/wish/2122828503 mariakarinapilarest https://padlet.com/mariakarinapilarest/r8zkwvn15a4e8l2i/wish/2122829332 https://www.canadashistory.ca/explore/business-industry/the-great-depression

The stock market collapse immensely affected Canada's economy. One of the main reasons besides the United State's economic power, was Canada's resource-based economy. In 1933, Canada's national unemployment rate reached a 30%.]]> 2022-03-31 04:35:30 UTC https://padlet.com/mariakarinapilarest/r8zkwvn15a4e8l2i/wish/2122829332 mariakarinapilarest https://padlet.com/mariakarinapilarest/r8zkwvn15a4e8l2i/wish/2122829723 https://www.pressreader.com/canada/vancouver-sun/20121029/281543698178758

The following website explains how did the Great Depression affected Canada's economy. Just on the first week of the stock market collapse, the Vancouver Sun reported a loss of $25 billion of the stock value. ]]> 2022-03-31 04:35:57 UTC https://padlet.com/mariakarinapilarest/r8zkwvn15a4e8l2i/wish/2122829723 mariakarinapilarest https://padlet.com/mariakarinapilarest/r8zkwvn15a4e8l2i/wish/2124721175 https://www.thecanadianencyclopedia.ca/en/article/great-depression#:~:text=In%20Canada%2C%20the%20changes%20were,upon%20government%20relief%20for%20survival.

The following websites analyzes how Canadian economy severely decreased during the 30s. Besides depending on exportations, it must be considered that natural factos such as plagues of grasshoppers and hailstorms aggravated Canadian economy as well. Moreover, Ontario and Quebec were the less affected provinces, due to their diversified economy. The Western Provinces suffered immensely by reason of being economically dependent on crop sales.]]> 2022-04-01 02:55:11 UTC https://padlet.com/mariakarinapilarest/r8zkwvn15a4e8l2i/wish/2124721175 mariakarinapilarest https://padlet.com/mariakarinapilarest/r8zkwvn15a4e8l2i/wish/2125958767 https://opentextbc.ca/postconfederation/chapter/8-5-the-great-depression/

The website provides a great summary of Canadian's history during the 1930. Given that welfare policies were limited at the time, and unemployment insurance was nonexistent, Canadians were forced to seek help from the cities; they aimed to get food, temporary housing, cash for necessities, clothing, and work. Unfortunately, the crisis gave place to homeless men's camp in marginal places of the cities called "Hobo Jungles".]]> 2022-04-01 19:36:36 UTC https://padlet.com/mariakarinapilarest/r8zkwvn15a4e8l2i/wish/2125958767 mariakarinapilarest https://padlet.com/mariakarinapilarest/r8zkwvn15a4e8l2i/wish/2126021002 Given that the United State was the most powerful economy at the time, a collapse in its stock market negatively impacted global economy. However, political factors, such as World War II, aggravated the worldwide economy as well. ]]> 2022-04-01 20:52:41 UTC https://padlet.com/mariakarinapilarest/r8zkwvn15a4e8l2i/wish/2126021002 mariakarinapilarest https://padlet.com/mariakarinapilarest/r8zkwvn15a4e8l2i/wish/2126021156 History has always being a topic of my interest. From my perspective, it is an extremely helpful tool to get major understanding concerning current issues. Since 2020, numerous people had lost their job as a consequence of the pandemic. Although both economic crisis are hugely different, it is crucial to get knowledge regarding previous economic crisis.]]> 2022-04-01 20:52:55 UTC https://padlet.com/mariakarinapilarest/r8zkwvn15a4e8l2i/wish/2126021156 mariakarinapilarest https://padlet.com/mariakarinapilarest/r8zkwvn15a4e8l2i/wish/2126021757 It is hugely recommendable to save money. Although global economic crisis are somehow unpredictable, it is a fact that economy is not stable. Saving money can help someone to be less likely affected by a recession.]]> 2022-04-01 20:53:50 UTC https://padlet.com/mariakarinapilarest/r8zkwvn15a4e8l2i/wish/2126021757 mariakarinapilarest https://padlet.com/mariakarinapilarest/r8zkwvn15a4e8l2i/wish/2126308488 The Stock Market Collapse, also named The Great Depression, is considered to be the worst economic depression of the industrialized word. Between the 1920 and 1929, the US doubled its economy, causing millions of investors to speculate and put their entire saving in the stock market. Meanwhile, the rate of unemployment was increasing, leading the stock prices to reach to cost more than its value. On October 24, 1929, the stock market crashed due to sells of overpriced shares; this event was baptized as "Black Thursday". Owing to the fact that the US was the most powerful economy at the time, the recession negatively impacted the worldwide economy, provoking numerous people to lose their jobs.
The following Padlet illustrates the Great Depression effects on Canada's economy.]]> 2022-04-02 07:15:35 UTC https://padlet.com/mariakarinapilarest/r8zkwvn15a4e8l2i/wish/2126308488 mariakarinapilarest https://padlet.com/mariakarinapilarest/r8zkwvn15a4e8l2i/wish/2126741733 https://www.youtube.com/watch?v=94FH5Bzg22s&t=23s

The video covers four main reasons of the Great Depression in Canada. One main reason was the "Roaring 20s", a decade of economic prosperity which caused the rise of stock priced to the point where they became too expensive to be afforded by the majority. As a result, investors started selling them massively. Additionally, due to the Roaring 20s plenty people began to purchase shares in order to pay their loans. When the Stock Market collapsed, those investors were unable to pay the money they owed to the bank, causing them to go bankrupt. Moreover, Canadian economy was hugely based on the exportation of crops and weed, which their prices decreased. Finally, the unemployment rate kept increasing.]]> 2022-04-02 21:03:16 UTC https://padlet.com/mariakarinapilarest/r8zkwvn15a4e8l2i/wish/2126741733 mariakarinapilarest https://padlet.com/mariakarinapilarest/r8zkwvn15a4e8l2i/wish/2126766303 https://www.youtube.com/watch?v=-ArJEDK1xSc

The following video contains pictures from the 1930s in Canada. These images, along with the information propitiated, permit to have a better understanding about how was daily-life for most Canadians during The Great Depression. For example, the creation of the "Bennett Buggy", a popular conveyance consisting in a car without windows and engine pulled by a horse, demonstrates the poor living conditions of plenty of Canadians. It emphasis women contribution to solve the economic crisis, since they increased their presence in the workforce.]]> 2022-04-02 22:02:38 UTC https://padlet.com/mariakarinapilarest/r8zkwvn15a4e8l2i/wish/2126766303