What happened during the Great Depression in the early 1930s?
A) the Great Depression was as bad in Canada as it was in the United States.
B) more banks in Canada closed than in the United States
C) the money supply rose sharply.
D) the value of Canadian exports increased considerably.

Question

Quizplus · Accepted Answer

The Great Depression was a severe economic downturn that affected both Canada and the United States. Both countries experienced high levels of unemployment, decreased production, and deflation. However, the impact of the depression was slightly worse in Canada than in the United States, as Canadian industries were heavily dependent on exports, which were severely disrupted by the global economic conditions.

What Happened During the Great Depression in the Early 1930s