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Canada’s economy in the 1930’s suffered a drastic collapse. That period of economic decline is referred to as the great depression. What were the central causes of the depression? Although many factors contributed to it in Canada three significant causes were: The over production of goods and the over expansion of industry, Canada’s huge economic dependence on the United States and the Canadians weakness for buying stocks on credit. Canada’s economy was greatly affected in the 1920’s because of the over-production of goods and by the over expansion of industries. During the 1920’s there w