Great depression Flashcards
What happened do the aboriginal people during the Great Depression
The government was in charge to protect and assist them under the Indian act but did very little.
- Most reserves lost much of thier lands and conditions remined poor
- The government refused to recognize lands rights, where no treaties existed
Who was the league of indians created by
and why was the league formed
Fred Loft in 1918
it gave them to ability and strength to negotiate with Indian affairs. - he forms the league by taking inspiration from the big union, he thinks if there’s a bigger league filled with people. Their voices will behead.
What was a stock?
A stock is a way of buying a small part of a company, the price differs depending on how many people buy and sell the stock, if the price raises above the price you bough it at, you gain money, vice versa
what did buying in margin mean? and why did people do it?
borrowing money you dont have to buy stocks. they did it because they saw it as an easy profit, say it cost 2% intrest to borrow money, well than you go make an extra 15% profit from stocks, you can return the money and have 13% in prssssssofit.
The crash of the market
september 29th, 1929
why did the stock market crash
people started selling their stocks to cash in on their high value, many followed and so the stock market started to fall. (dont forget to add this part for full marks) and people did this because supply and demand dictated the value of stocks. if people buy stocks the value increases, if they sell it deacreases.
What are two other reasons for the depression
- Farms started to go bankrupt as a drought began to hit the Canadian mid west.
- Job markets began to decline causing product sales to decline, Thus causing more job losses
What was life in the depression
thousands fired and 100s of business shut down
farms dried up and then they walked away
thousands existed on pogey (government loan money) which brought shame to familys cuz it proved men could not support family.
Many wealthy and middle class with secure jobs noticed little change, but many others suffered.
how were single men viewed in the GD
they got no help, seen as lazy and having no self respect.
What were distractions from despair after GD
many turned to movies radiaos and magazines to distract them, they were a fantasy life for many
when were stocks at all time high
1929 September 29th: Stocks at an all time high
What did companies start to do in the 1920s?
They issued shares in their companies so people could buy them on margin
What is supply and demand?
Supply is how much of something is available, demand is how much it’s wanted.
