What Effect did the great depression have on Canadian and American Relations

Running head : The Great Depression on Canada and America

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Effects of the great depression on Canada-United States relations

The great depression is said to have began in October 1929 . It was sensed when the United States stock market dropped rapidly . Many investors lost their investment and others were wiped out of the market completely . The period was characterized by low business activities and high rates of unemployment . It led to closure of several factories stores and banks . As a result , many Americans were

left penniless homeless and jobless . In 1930 , the depression spread to the rest of the world , cutting down rapidly the size of world trade . The trade reduced because each country was trying to protect its products and industries by high import tariff impositions . In attempts to counter the effects many nations changed their leaders and systems of governance . The depression came to an end when countries increased their production of war materials before the start of the Second World War . The increment in production of these items in turn increased the number of job opportunities and returned a lot of the formerly withheld money into circulation within the global economy (Hart , 1994 , pp . 12

Canada and the United States started industrialization collaboration many years before the great depression . The collaboration begun back in the nineteenth century and showed a rapid expansion and improvement in early times of the twentieth century . US dollars in form of hundreds of millions were directed into Canadian...