The Great Depression

Topics: Unemployment, Great Depression, 1930s Pages: 4 (1329 words) Published: March 1, 2008
The Great Depression of the 1930s in Canada

The Great Depression of the 1930's is a benchmark for all depressions and recessions in the past and in the future. In the booklet "The Great Depression of the 1930s in Canada" , Michiel Horn gives an intellectual dissection of the events that occurred during the Great Depression. Michiel Horn's approach leaves the reader with a foul taste for the Dirty Thirties. This essay will summarize Michiel Horns key points as well as discuss the ability of Michiel Horn to report his findings.

Michiel Horn is currently the Chairman of the History Department at York University. His interests in the Great Depression revolve around the history of taxation. Therefore, he is interested in making sure that this sequence of events is fully understood so that future generations never allow it to happen again.

There are several causes of the Great Depression which Michiel Horn touches on throughout his writings. The initial tool that he used to help understand the situation was to look at statistical data from that time. Through use of this data, a greater understanding of the physical hardships could be quantified and compared to present day. The reading begins with statistics about the shocking rate of unemployment. In 1933, at the height of the depression, the unemployment rate was between 19.3and 27 percent. The industrial activity in 1933 was only 57 percent of the average activity for the years 1925-29. The causes for the Great Depression were easy to see, but hard to fix. The problems included the inability of foreign countries to purchase surplus goods produced by other countries. Before the Great Depression, the British used this tactic to stabilize the market. Unfortunately, during the depression the British were still hurting from the First World War. The only country that could have stepped in was the United States and they elected not to. With no other countries stepping in, the price of goods...

Bibliography: Michiel, Horn. The Great Depression of the 1930s in Canada. Ottawa: The Canadian Historical Association, 1984.
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