Canadas great depression

Many people did not see the
Great Depression coming,
Including Politicians. All of
them had been caught up in
the long run of prosperity in
the 1920s. Prime minister
King thought that the stock
market crash in October 1929 Prime Minster King
would only be temporary for
Canada’s economy. The fall of wheat prices at the time was more troubling for the country, but price swings were part of the business cycle and did not shock Canada’s leaders. The rising number of unemployed workers could also be explained as part of the business cycle during poor economic times. Many companies often laid off workers for one, two, or even three months every winter and rehired them in the spring. With all ...