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More stocks were being sold than bought, and they began to slump. The stock crash became known as the Great Crash of 1929. On Thursday October 29, 1929, the stock markets in Toronto, Ontario and Montreal, Quebec also began a steep descent. Suicide became common among men whom the crash meant financial failure and social ruin. After the stock crash a period of Depression occurred and unemployment was common. By 1933, one out of every four workers in Canada was without a job. Men begged for jobs cutting grass or shoveling snow. Wages were so low that even people with jobs ran into debt. Many businessmen went bankrupt and people all over the country were laid off...
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Common topics in this essay:
- Great Depression
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- The Correlation between the Great Depression, and the Depression of the Millennium
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