remember main causes Flashcards
Canadas dependence on the united states
40% of our exports and 65% of our imports, America didn’t need Canada’s supplies anymore so canada suffers.
canada is a branch from the US and they cut off the branches first when they need something. the US is a trunk
Too much credit buying of stocks
people started investing in stocks and in october 29 the stocks weren’t rising so people lost a lot of money and got less of what they bought.
lots os things lost a lot of value
over production and overexpansion
in the 1920s factories produced lots of products and by the time the 30s came not enough people were buying the products and there were lots of extra products.
factories slowed down
family’s didn’t have enough to spend for food so sales went down
high tariffs choked up into international trade
lots of countries put tariffs on in the 1920s and all prices went up
Canadas dependence of few primary products
Canada depended on wheat, minerals, fish, pulp, and paper too much and they were the most importantly imports.
Canada started competing with other countries for exporting
demand and prices lowered
too much credit buying
in the 20s canadians were encouraged to buy now and pay later
in the 30s people lost jobs so they got into theft with credit buying
and profits cost more then they are worth
