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Essay / The decade known as the Great Depression - 827
The decade known as the Great Depression was a time filled with both hardship and tribulation. Historians continue to debate the root causes of the stock market collapse that plunged the country into depression. Others deride the ineptitude of the Canadian government's response to the crisis. Regardless, the “dirty thirties” were a period like no other. Even though those who suffered have largely disappeared, the memory of those dark days still lingers today. First, many factors contributed to the outbreak of the Great Depression. Overproduction and expansion was a problem because almost every industry was expanding in the 1920s. Industries were quickly producing products that weren't selling, and in order to slow down production, they were laying off people because they forgot the rule basic economic which consisted of making as many items as they could and because wages were not high enough to buy all the goods that were made. In addition, Canada's dependence on a few primary productions and its dependence on the United States had a considerable effect on the depression. The Canadian economy is closely linked to that of the United States and when the American economy fell ill, Canada suffered because it no longer needed products like wheat, fish, minerals, pulp and paper sold. When the Depression hit, demand for all of these items fell and other countries produced huge surpluses which drove prices down. Another cause was that Canada's imposition of high tariffs was also a factor in the Great Depression, but affected many countries as it blocked international trade. Countless countries imposed high tariffs on goods entering their countries to protect domestic industries, causing trade between nations to begin. to slow down. Even buying credit and buying stocks was a... middle of paper ... money from the munitions workers and they would feel secure enough to buy a dress and the tailor would would then feel confident to go buy a dress. convenient and so on. This allowed the economy to get back into shape and emerge from the Great Depression. Overall, everyone was affected in some way by the Great Depression. The government didn't take responsibility until the 1940s, but it still didn't compensate the men and it carried through that dark decade. The “Dirty Thirties” was an era that no one wanted to return to and were happy to see it go. As if industries were recovering, people began to find more jobs because of the war and food began to grow. The ravages of the Great Depression have not been forgotten. These lives that could have been lived without pain suffered greatly and the memories of those days still linger today..