THE GREAT DEPRESSION 1929 1940
THE GREAT DEPRESSION
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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25%
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35%
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50%
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2%
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Detailed explanation-1: -By 1930, 30% of the labour force was out of work, and one fifth of the population became dependent on government assistance. Wages fell, as did prices. Gross National Expenditure had declined 42% from the 1929 levels.
Detailed explanation-2: -How high was unemployment during the Great Depression? At the height of the Depression in 1933, 24.9% of the total work force or 12, 830, 000 people was unemployed.
Detailed explanation-3: -By 1933, almost 30% of the labour force in Canada was unemployed and one in five Canadians was seeking some form of government relief from the worsening situation.
Detailed explanation-4: -During the worst period of the Depression about 30 percent of Canadians were unemployed. This made life very difficult because Canada had few social programs at the time.