Canada's History

The Great Depression

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October 24, 1929, marked the beginning of a four-day stock market crash in the United States that had global ramificati­ons. Canada, with its resource-based economy, suffered immensely. The pain was amplified by a drought that plagued Western Canada during the dirty thirties. The depression ended in 1939 with the advent of the Second World War, which kick-started the world’s economies.

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