oct 29, 1929 - Stock Market Crashed (-1) Decline

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As the stock market crashed, not only those the retailers lost their money but also the institutional investors lost their money as well. The value of businesses and companies decreased. The economy of country was based on how people thought about the economy. The more optimistic people were, the better the economy the country would have. At that time, a lot of people lost their faith on the investment of economy. The economy of Canada decreased and faced a huge problem. The “Black Tuesday” also caused a lot of people suicide because of the huge loss. In additional, it caused the great depression and the unemployment increased.

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