Chapter 3 presentation
THE GREAT DEPRESSION
Please help me by standing me some money and will send you my engagement ring and wedding ring as security...My two rings cost over $100 over 15 years ago but what good are they when the flour is nearly all done and there isn't much to eat in the house...”
This was a real note sent to the Conservative part leader, Richard Benford Bennett by an average citizen of Canada during the great Depression.
“I believe we will rebuild every bit of it. It will be a struggle and there will be sacrifices, but we will rebuild,”.
This famous quote was said by Richard Benford Bennett when he ...view middle of the document...
This depression effected everyone in some way and there was basically no way to escape it. J.S. Woodsworth told Parliament "If they went out today, they would meet another army of unemployed coming back from the country to the city." As the depression carried on, 1 in 5 Canadians became dependent on government relief. 30% of the Labour Force was unemployed, where as the unemployment rate had previously never dropped below 12%.
All this majourly affected Canada. It was estimated back in the thirties that 33% of Canada's Gross National Income came from exports; so the country was also greatly affected by the collapse of world trade and offcourse USA. The four western prairie provinces were almost completely dependent on the export of wheat. The little money that they brought in for their wheat did not cover production costs, let alone farm taxes, depreciation and interest on the debts that farmers were building up.
Between 1933 and 1937 to make matters even worse, Saskatchewan suffered a drought. The money brought in for the wheat was at a record low...