Results tagged “charlescomfort”

After a building boom altered the Toronto skyline over the course of the late 1920s, construction ground to a standstill during the Great Depression. Annual spending on construction, which had peaked at $51.5 million in 1928, dropped to a mere $4.5 million in 1933. The few projects that weren't cancelled or disrupted were initiated mostly by banks and insurance companies seeking symbolic structures that emphasized institutional stability through turbulent times and faith in an economic turnaround.