The Great Depression In Canada

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The prosperous 1920’s was a time when people thought that that their troubles were finally over. As a result, many people played the stock market crash in the hope of getting rich quick. It was not too long before the prosperity of the 1920’s came to an abrupt halt. On Black Tuesday, 29 October 1929, the stock market crashed in the United States. It set up the Great Depression and the decade that came to be known as the “dirty thirties”. The onset of the Depression affected everyone and neither the Liberals nor the Conservatives had any “fresh” or “new” ideas that could how to fix the economic problems that plagued the country. Subsequently, one of the effects that arose from this situation was that many Canadians lost confidence in traditional political parties. Many turned to the new regional parties that demanded social and economic reforms. The three parties that had emerged from the Depression who were ready to solve the problem were the CCF, Social Credit Party The Union Nationale. Many of their reforms and policies still exist today and it shaped Canada’s present. …show more content…
Led by the Winnipeg MP , J.S Woodworth, the CCF rejected both capitalism and revolutionary communism in favour of democratic socialism. He believed that capitalism caused inequality and greed and it was one of the factors that caused the Depression. He wanted to end capitalism and replace it with socialism. In the Regina Manifesto issued in 1933, the CCF introduced a number of socialist