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Stock Market Crash
-a sudden dramatic decline of stock prices
-extensive use of margin debt and leverage by market participants.
-Stock market crashes are social phenomena where external economic events combine with crowd behavior -
R.B. Bennett elected prime minister
-He served as the 11th Prime Minister of Canada from August 7, 1930, to October 23, 1935
-Bennett tried to combat the depression by increasing trade within the British Empire and imposing tariffs for imports from outside the Empire,
-When his Imperial Preference policy failed to generate the desired result, Bennett's government had no real contingency plan. -
Drought Begins on Prairies
-New resrictions placed on immigrants
-was a period of severe dust storms causing major ecological and agricultural damage to Canadian prairie lands in the 1930s
-The phenomenon was caused by severe drought combined with a failure to apply dryland farming methods to prevent wind erosion.[ -
Stock Market values reach lowest point
-Government relief camps first established -
Unemployment reaches its height
-CCF founded at Regina Conference -
Liberal LEadrer Elected Prime mInister
-was the 11th Premier of Ontario
-He was the youngest Premier in Ontario history, appointed at age 37.
- from 1934 to 1942 -
W.L.M King re-elected Prime Minister
-Social credit leader W. Aberhart elected Primer of Alberta -
Union Nationale Leader M. Duplessis Elected Premier
-Government relief camps closed -16th Premier of Quebec -
Joe Louis wins world heavy weight Championship
-In Chicago
-Worst year of prarire drought
-Oshawa strike
-Birthrate Declines to its lowest levels -
Second Wolrd War Begins
-issues with the economy continued through the war.
