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The Causes and Consequences of The Depression

Causes

Canada introduced tarrifs

Influenced other countires to follow

Canada's reliance on trade with America

Stock Market Crash

Oct 29 1920 New York, Toronto, Montreal: Stock markets collapse

Sellers began to sell

Stock prices went up past vaule

"Buy now, Pay later"

Consequences

Jobless young men starting "Train Riding"

In order to find a job

Most industry workers were left unemployed but wealthy middle class Canadians noticed little change

High suicide rate

Many families lost everything

Government relief payments

Had to publicly declare bankruptcy