Getting close to the great crash of 1929 companies were still over producing the production of goods, without even knowing that it will have a big impact on the crash.
I can't believe I lost my job, my stove, car and radio, only for $60.00.
Buying on margin is when a person goes to the bank to take out a loan, but they use the loan to buy stocks and hopefully get more money than what the loan was. This was a major contributor to the depression.
On October 29, 1929 the stock market crashed in Canada and the United States. Just like that people, companies, businesses and factories lost everything.
This can't happen, I will lose every thing!
When the depression hit many people lost majority of their belonging and got very little money out of them. Latter on people would commit suicide, die from the weather and starvation; the lucky people went to work camps, just like Daniel Edwards.
Work camps were very stressful and demanding on the workers. Though many people went to work camps to get money during the depression, workers got very little money. During the next couple of years Daniel Edwards would attend these work camps, until world war two hits,
Looks like I have no choice, I'm going to have to stay here for a bit.