The Great Depression was a devastating event that brought misfortune to many people as a result of the stock market crash on Black Tuesday. This paper will seek to explore the impact and effects on the agriculture industry throughout the province of Prince Edward Island, herein referred to as P.E.I. Furthermore; it will analyze critical events and ask questions as to how people during this era reacted to the change in economic uncertainty. The 1920’s were a period of growth for the world economy as many people experienced great deals of increase with respect wealth as well as technological advancements and electricity, which became crucial living standard in countries such as Canada. A boom in the Canadian economy during this time was a result of middle and lower class families increasing their consumption of mass-produced consumer based items. During this time P.E.I maintained a relatively lower growth percentage then other Canadian Provinces as they experienced less of the economic boom. Those living in P.E.I, or the Islanders, were relatively more prone to hardship as most people located in the province at the time lived strenuous and labour filled lives. By definition, an economic depression is a “sustained, long-term downturn in economic activity in one or more economies.” (http://en.wikipedia.org/wiki/Economic_depression) The latter, is far worse then a recession. A recession is merely an economic slowdown, which was experienced by most Atlantic Provinces in the late 19th century. It was not until October 29th, 1929 that the Canadian economy but more importantly the world experienced the ‘Great Depression’. Large amounts of money were lost over the period of five days, as investor’s worldwide scrambled to withdraw th... ... middle of paper ... ...work else where especially during the boom in Upper Canada, living off as little as possible so they could provide for their families back home. This additional income and fewer amount of mouths to feed was a great benefit of having larger families back in the day. This was only up until the depression when out-migration became static as the islanders children began to return home with the lack of jobs across Canada. Population drastically increased throughout the thirties as more and more children returned home. This brought joy but also hardship as well to the families as they were forced to rely on only income generated from the harvest they could procure. To this day, the islands population continues to increase as more people flock to the province for its lust landscapes and sandy red beaches. Works Cited (http://en.wikipedia.org/wiki/Economic_depression)
The stock market crash of 1929 is one of the main causes of the Great Depression. Before the stock market crash many people bought on margin, which caused the stock market to become very unbalanced, which led to the crash. Many people had invested heavily in the stock market during the 1920’s. All of these people who invested in the stock market lost all the money they had, since they relied on the stock market so much. The stock market crash also played a more physiological role in causing the Great depression. More businesses became aware of the difficulties, which caused businesses to not expand and start new projects. This caused job insecurity and uncertainty in incomes for employees. The crash was also used as a symbol of the changing times. The crash lead the American peop...
During the 1930's in Prairie Canada, the Great Depression created harsh conditions and it was a struggle until it ended. The event which triggered the Great Depression was the Stock Market crash of October 24, 1929 in New York. Another important cause was that: Later in the 1930's, the wide adoption of the gold exchange in many countries was widely criticized as a great mistake which greatly contributed to the severity and length of the Great Depression. 1 In Canada, wheat, the most important export, was being over-produced around the world, despite the fact that the 1928 supply of wheat was still available in 1929.
The development and implementation of John A. Macdonald’s National Policy was able to accomplish it’s three main goals: completion of the Canada Pacific Railway, the increase in tariffs and import duty to protect resources and industrial interest, as well as expanding immigration to the West of Canada. However, this period of success was also met with many disadvantages as well. The policy put forth for western immigration was discriminatory to francophone Canadians, causing massive emigration to the United States. In addition, the only areas to benefit from the National Policy were the heartland areas from Windsor to Montreal, causing regional innequality in Western Canada and the maritime provinces.
Parr, J. (1994). Labouring children: British immigrant apprentices to Canada, 1869-1924. (pp. 11-141). Toronto, PQ: University of Toronto Press.
At the same time, the local agricultural economy was experiencing a deep economic depression due to the severe droughs that had occured throughout the past decade. The loss of crops cut out the average farmers'/planters' main food source as well a...
On the prairies, Canadian farm women faced very specific challenges. In the article ““I like to Hoe My Own Row”: A Saskatchewan Farm Woman’s Notions about Work and Womanhood during the Great Depression,” Author Cristine Georgina Bye’s great-grandmother, Kate Graves’ specific challenges mainly consisted of keeping her family afloat despite her growing age while also balancing traditional feminine roles with the hard labour of farm work. Kate Graves’ “spent seventeen-hour days churning butter, raising chickens, tending children, cooking, cleaning, canning, sewing, and gardening” during a time when farming was nearly impossible due to droughts and the harsh economic conditions of the Depression. Graves’ family, like other’s in rural Saskatchewan, suffered losses during the thirties, as many families would put off medical procedures because of lack of funds. Graves’ lost her daughter to tuberculosis in 1933 and in total her region lost “22 percent of its farm population.” There is very little written about Canadian farm women during the Great Depression, but what there is written about these women showcases a particular strength and determination that can only be found in the rural lands of the
The Great Depression and John Steinbeck's The Grapes of Wrath Though most Americans are aware of the Great Depression of 1929, which may well be "the most serious problem facing our free enterprise economic system", few know of the many Americans who lost their homes, life savings and jobs. This paper briefly states the causes of the depression and summarizes the vast problems Americans faced during the eleven years of its span. This paper primarily focuses on what life was like for farmers during the time of the Depression, as portrayed in John Steinbeck's The Grapes of Wrath, and tells what the government did to end the Depression. In the 1920's, after World War 1, danger signals were apparent that a great Depression was coming.
In the middle to late 1940s, Canada received a great influx of British immigrants. Numbering 48,000, these young women were brides who had wed the nation’s servicemen. Although they came unprepared for the land that would become their new home and faced huge culture shock upon disembarking, Canada’s spirited war brides inevitably transformed the culture that surrounded them. Now, around sixty-five years later, one in thirty Canadians can count a war bride in their family tree (Jarratt, 2009). Through determination to stay in Canada despite huge culture shock, sheer hard work, and despite their hasty marriages, the British war brides of the Second World War have, and are continuing though new generations, impacted the Canadian culture of today.
It began to unfold on 24th October 1929, Black Tuesday. It was when the value of the New York Stock Market fell dramatically, the Great Depression was a time when Canadians suffered groundbreaking levels of poverty due to unemployment. The employment rate went up to 30%, the highest it's ever been. “On Wall Street, 16.4 million shares were sold, almost 4 million more than Black Thursday’s unprecedented totals.” (Historica Canada). This dread spread to Toronto's markets, resulting in the suffering of municipal and provincial government as the extent and duration of unemployment during these years rapidly exhausted the ability of the government. The 10-year depression led to many lives lost through homelessness, starvation, etc. Most people lost their jobs leaving them and their family to die or live off of vouchers which were used to get food and water. The government had to do a lot to cope with these challenges. Private relief like charities, church groups, soup kitchens was developed to provide the people with second-hand clothes, food donations, and homeless shelters. At this point, a lot of people suffered mentally and physically, they were desperate for the great depression to end. Another thing the government developed was emergency relief, they made vouchers that you could trade in for food. A lot of people were forced to use this but there weren't enough vouchers and neither did they solve
October 29th, 1929 marked the beginning of the Great Depression, a depression that forever changed the United States of America. The Stock Market collapse was unavoidable considering the lavish life style of the 1920’s. Some of the ominous signs leading up to the crash was that there was a high unemployment rate, automobile sales were down, and many farms were failing. Consumerism played a key role in the Stock Market Crash of 1929 because Americans speculated on the stocks hoping they would grow in their favor. They would invest in these stocks at a low rate which gave them a false sense of wealth causing them to invest in even more stocks at the same low rate. When they purchased these stocks at this low rate they never made enough money to pay it all back, therefore contributing to the crash of 1929. Also contributing to the crash was the over production of consumer goods. When companies began to mass produce goods they did not not need as many workers so they fired them. Even though there was an abundance of goods mass produced and at a cheap price because of that, so many people now had no jobs so the goods were not being purchased. Even though, from 1920 to 1929, consumerism and overproduction partially caused the Great Depression, the unequal distribution of wealth and income was the most significant catalyst.
Two history texts by Bumstead and Silver will be considered. The manner in which they organize Canadian history into logical and comprehensive periods will be taken into account. Each text establishes a chronological framework and within this, creates historical periods. Each period is intended to represent as logically as possible, the major cultural inclinations, political and social events, and thematic trends occurring within that period. Bumstead and Silver outline several broad periods, then delve into each period with a precise focus. Silver has a social focus within each period, and Bumstead has a thematic focus.
In Canada, over 400,000 babies were born annually from 1945 to 1965, which increased Canada’s population rate by 20% (“Canadian”). This period in Canadian history occurred after the Second World War when millions of men returned home to their families or immigrated to other countries with their war brides. Some ended up settling in Canada which dramatically increased the birth rate; their experience and survival of the war caused them to realize how important life is, instigating them to have as many children as they can support bringing about the group of people now referred to as the Baby Boom Generation. The baby boom generation significantly impacted Canada as it helped the young country to recover from the devastating Great Depression. Indeed, the baby boom generation had a positive contribution to Canadian society during the 1950s because it changed the face of Canada in the international stage, increased the Canadian living standard, and established and developed the suburban areas.
Canadians were frustrating, wonderful, and hard. Soldiers returning from the war expected jobs, but were faced with unemployment, inflation and strikes. Inflation had doubled the cost of living where wages had not and those fortunate to be employed still faced immense financial difficulty. Many people joined unions for better pay and working conditions, 1919 saw the most strikes at a staggering three hundred and six, people were angry and discontented. The 1920s were a time of crime corruption and extreme poverty, yet by mid era difficult conditions began to improve. Foreign investors gained confidence in Canada and as a result new industries were developed, The twenties really did 'roar' and with this boom of change Canada underwent the transformation that was the gateway to the future.
When the Italians came to Canada, they had many Obstacles moving into a different area. In 1901, many articles were revealed about Italians labors being unfair at work. Labors were misled through this system at labor camps or find themselves unemployed and were not considered labors in many Canada’s major cities. In 1902, the government of Italy sent a tour to report on Italian’s workers in Canada. This report talked about the harsh problems labors to suffer in Canada so, the Italian government suggested that Italian migration to Canada should be suspended. After WW1, the Canadian government took a legal action to immigration. A new law passed to decrease th...
I wasn’t born in Atlantic Canada but Atlantic Canadian business certainly has had an impact on my life. My father has worked for McCain Foods for over 25 years and is currently employed as the Retail Area Sales Manager, Atlantic Canada for McCain Foods so it’s no coincidence that I was born in Kitchener Waterloo just forty minutes from Sobeys Ontario’s head office which was located in Brantford Ontario and my sister in St. John’s N.L. just two years later. I guess we moved a lot in those early years, if you call six moves in 14 years a lot, but McCain was growing and McCain always promoted from within wherever possible. In this paper I will discuss some of the reasons I feel Atlantic Canadians play such an important role in Canadian business and what motivates them. I’ll draw on some of my own personal observations as well as others from reference materials.