During World War 1 many factories and businesses were built. This gave many new opportunities. Hundred were employed, which meant hundreds were pumping money into the economy. Women were allowed to work in positions of authority, meaning they had extra money to spend and invest. Another factor that kept Canada's economy strong and booming was The International Trade. Eventually, though, many of the factories began to fail after the war. Many of them were built strictly to make supplies for the war to send off to soldiers and sell to different countries. In 1927, signs started being relevant that North America's economy was in trouble. This was when the wheat market began to crash along with many other businesses. Much more product was being produced than sold and eventually manufacturers decreased their productions leading to layoffs. This meant less income for families and less money to be put back into the economy, leading up to the Great Depression of the 1930s.
The depression illustrated a major weakness in the Canadian economy. Some wealthy and middle class Canadians noticed little change in their lifestyle, while many felt it hard. It is estimated that between 1929 and 1933 Country wide spending declined by 42% and 30% of the working class was unemployed. 1 in 5 Canadians became dependent upon government relief for survival. Most people that felt the fast... [continues]
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