The Great Depression is one of the worst things that have happened to Canada. It began in 1929, soon after Canada switched from a primary industry based nation to a manufacturing based nation, and lasted until 1939. The 1920s were a time of good economy, which made the Depression a significant event. By 1932, production had dropped to 58% of its 1929 amount, and by 1933 30% of the labour force was out of work. Canada’s national income was only 55% of the pre-depression level. In 1933, there was a 27% unemployment rate.
A line for food during the Great Depression on Yonge Street, Toronto.
Noah
I wonder how the unemployment rate of 27% in 1933 compares to today's unemployment rate?
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