The relative success of Canada’s Dominion Bank Act, which shifted control of the banking industry to the government beginning in 1870, was exacerbated by the Long Depression a few years later. A worldwide recession, the Long Depression was triggered by the so-called “Panic of 1873,” which was driven by several factors and quickly strained bank reserves in Europe and then North America. Then the world’s worst economic crisis – until the Great Depression that followed the stock market crash of 1929 – the Long Depression was tied to the widespread demonetization of silver plus rampant speculative railroad investments. A young country of only six years, Canada wasn’t excluded from what would become “the first truly international crisis,” according to the 1997 book, Business Cycles and Depressions: An Encyclopedia. Continue reading →
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Features
Paper money 'worth premium bid' in Colonial's Premier Auction
Page 1
CCN launches COVID-19 medal design contest
Page 1
Engel celebrates first anniversary at helm of Richard Stockley Books
Page 6
Cobourg show brings collectors back to bourse
Page 24
Regulars
![CCN Trends](https://canadiancoinnews.com/wp-content/uploads/sites/2/2014/06/regular-trends-01.jpg)
Focus on Canadian RCM Collectibles
Page 14
![CCN Marketplace](https://canadiancoinnews.com/wp-content/uploads/sites/2/2014/06/regular-ccn-marketplace-01.jpg)
Are you buying or selling?
Page 22
![Show & Bourse](https://canadiancoinnews.com/wp-content/uploads/sites/2/2014/06/regular-show-bourse-01.jpg)
Check out the shows in your area
Page 25
Columns
![By John Regitko John Regitko](https://canadiancoinnews.com/wp-content/uploads/sites/2/2019/09/JohnRegitkoBW-210x210.jpg)
Errors & Varieties
High rims, dies clashes seldom found on Internet
Page 8
![By Tim Grawey Tim Grawey](https://canadiancoinnews.com/wp-content/uploads/sites/2/2019/09/TimGrawey-210x210.jpg)
Colonial Tokens
Devins & Bolton tokens confiscated by customs
Page 10
![By Stanley Clute Stanley Clute](https://canadiancoinnews.com/wp-content/uploads/sites/2/2019/09/StanleyCluteBW-210x210.jpg)
Notes & Bills
Numismatic legacy of Canada's economic battle with Great Dep
Page 12
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