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The Great Depression 1929-1939

The Great Depression 1929-1939. Economic collapse causes massive problems for Canadians, forcing the governments to step in and intervene more closely in people’s lives. Economic Collapse. Black Thursday: October 24, 1929 New York Stock Market crashes

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The Great Depression 1929-1939

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  1. The Great Depression1929-1939 Economic collapse causes massive problems for Canadians, forcing the governments to step in and intervene more closely in people’s lives

  2. Economic Collapse • Black Thursday: October 24, 1929 • New York Stock Market crashes • US economy slips into the Great Depression • Canada’s industries depended on trade with the US. • Canada slips into the Depression • Businesses close • 25% unemployment by 1933.

  3. Assistance • Many need aid – no welfare or insurance • They turn to… • Religious groups • Charities …but there’s too much demand • At first, government does not respond

  4. Government Finally Responds • 1931 – Unemployment Relief Act • Invested in PUBLIC WORKS • Jobs building roads, bridges, public buildings • Created DIRECT RELIEF • Financial aid to families in need. • COLONIZATION of remote areas • Gaspesie, Abitibi-Temiscamingue.

  5. Government Interventionism • (def) A policy advocating increased government intervention in economic and social affairs. • The emergency measures didn’t have a great effect. • Federal and provincial governments realized they needed to intervene more.

  6. People’s reaction • People were unhappy. Wanted change. • Wanted more protection. • Lost confidence in politicians – new parties emerged: • Socialist • Communist • Fascist • Populist.

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