by nays kays 9 years ago
241
The Causes a
Young men "train riding"
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
