oct 28, 1929 - Canada's Stock Market Crashes

Description:

In late October 1929 the stock market crash had reached Canada.Canada's economy at the time was just starting to shift from primary industry (farming, fishing, mining and logging) to manufacturing. Exports of raw materials, and employment, prices and profits fell in every sector. Canada was the worst-hit because of its economic position. It was further affected as its main trading partners were Britain and the U.S., both of which were badly affected by the worldwide depression. This shows a definite decline for Canada during this time.