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Part 1 2. Checkpoint page 102 Summarize what was wrong with Canadian scrimping in the 1920s under the following heading: -Natural resources: buying on credits: Buying on credits encounter popularity for many Canadians when they started involving themselves into debt to buy things when they did not own cash. People could give in their monthly payments to their creditors as long as they had jobs. Over take of goods: There were many symptoms for the fact that the economy was injurious. Warehouses Company consisted of over production of goods. Raising tariffs: Many countries were looks the same consequences. All of a sudden there were fewer demands for Canadian natural resources due to the fact that the factories in the other countries were using those stockpiles of goods and began to produce less. To vow the Canadian business and their worker with protection they government resolute to raise tariffs on foreign imported goods. -a low type of living: Some Canadian workers however could not experience the good change. They lingered in their low paying jobs and their squat range of a function of living their life. They were not able to afford to consume as many goods and service as other Canadians.

3 Summaries: The split of the stock market: A stock market clangour took place on October 29, 1929 which was known as Black Tuesday which was a bullet hitting the great depression. The reasoning behind this was the prices for shares collapsed in the United States and Canada. The stocks were overpriced and the investors tried to sell whole of their stocks all at once. There were 16419030 shares traded by New York City which caused them a loss of $ 9 billon. Even the Toronto and Montreal stock exchanges went down. Over $ ccc million worth of lose was faced by 16 companies. A huge number of investor lost most of their nest egg which caused them bankruptcy .Overnight millionaires became insolvent which caused some of them to commit suicide. A downwards Spiral:... If you want to get a full essay, battle array it on our website: Orderessay

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