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1930s A Decade of Great Despair Around the World
to normalcy as 1920 presidential candidate Warren Harding called it). Few countries were affected as severely as Canada during what became known as the Dirty Thirties, due to Canadas heavy dependence on raw material and farm exports, combined with a crippling Prairies drought. The 1930s: Decade of Depression. The stock market crash of October 1929 initiated a long economic decline that accelerated into a world catastrophe, the Depression of the 1930s. Henry Ford and his system of cheap mass production of automobiles for people of modest incomes was regarded as symbolic of the new era. Government Intervention Although the national impact of these organizations was minimal, the Depression did ultimately result in an expansion of state responsibility for the economy and for social welfare. Maritimes had already entered into severe economic decline in the 1920s and had less distance to fall. The market, which functions of Corrections had reached record highs that very summer, had begun to decline in September. Charles Lindbergh's solo flight to Paris in 1927 seemed to capture the spirit of the age. The number of Canada's deportations, however, rose from fewer than 2,000 in 1929 to more than 7,600 just three years later.
Great Depression - Wikipedia
Ironically, it was World War II, which had arisen in part out of the Great Depression, that finally pulled the United States out of its decade-long economic crisis. Two months later, stockholders had lost more than 40 billion dollars. Roosevelt easily defeated Hoover in the 1932 presidential election. He nourished, however, no brooding rancor against the.S. See also History Since Confederation ; Business Cycles ; Bennetts New Deal. Economy and dealing with widespread unemployment and social dislocation at home and as a result international affairs took trying To Pay Attention Through A Concrete Wall a back seat. Ontario and, qubec experienced heavy unemployment, they were less severely afflicted because of their more diversified industrial economies, which produced goods and services for the protected domestic market. The business community was praised for its values and productivity.