What were the economic and social consequences of the Great Depression?
 

Economic Consequences Canada's resource-based industries such as mining, forestry, and agriculture were very hard hit by shrinking markets and by drastic drops in  prices. Bankruptcies, factory closings and production cutbacks brought about high unemployment and reduced wages.

Social Consequences

• People lacked the money to buy basic items such as food, clothing and household goods.

• Families unable to pay their rents and mortgages were evicted from their homes and farms.

• People relied on savings and help from relatives.

• Many men, both single and married, "rode the rails" across Canada in search of any kind of work.

Go On To Topic 3: Political Consequences