Great Depression in the United States government dealt with economic downturns, such as the use of stimulus packages, Keynesian economics, and Social Security. It also shaped modern American literature, resulting in famous novels such as John Steinbeck's "The Grapes of Wrath" and "Of Mice and Men". Examining the causes of the Great Depression raises multiple issues: what factors set off the first downturn in 1929; what structural weaknesses and specific events turned it into a major depression; how the downturn spread from country to country; and why the economic recovery was so prolonged. Many banks began to fail in October 1930 when farmers defaulted on loans.
Great Depression in Canada economic theories of an Englishman, C. H. Douglas. His theories became very popular across the nation in the early 1930s. A central proposal was the free distribution of dividends (or social credit), called "funny money" by the opposition. During the Great Depression in Canada the demand for radical action peaked around 1934, after the worst period was over and the economy was recovering. Mortgage debt was significant because farmers could not meet their interest payments. The insecurity of farmers, whose debts were increasing and who had no legal protection against foreclosure, was a potent factor in creating a mood of