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50 Cards in this Set
- Front
- Back
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recession
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less severe than a depression, a recession is a downturn in economic activity in which the value of goods and services declines
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depression
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a long period of severe economic and social hardship, massive unemployment, and suffering
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supply and demand
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the quantity of a products that is available and the market's desire for that product; the price of the product varies based on supply and demand
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prosperity
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in the economic cycle, the period of economic growth and expansion
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recovery
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in the economic cycle, the period following a recession during which the value of goods and services rises
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overproduction
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more goods being produced than being sold; leads to a decrease in production, which leads to increased unemployment
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tariffs
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taxes on imported goods
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protectionism
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a system of using tariffs to raise the price of imported goods in order to protect domestic producers
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On-to-Ottawa Trek
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a 1935 rail trip from Vancouver to Ottawa (stopped at Regina) by unemployed men to protest conditions at employment relief camps
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Regina Riot
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a riot that occurred when police attempted to clear On-to-Ottawa trekkers from a stadium in Regina
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New Deal
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a series of programs, such as social assistance for the aged and unemployed, introduced by the U.S. President Roosevelt in the 1930s to deal with the depression
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laissez-faire
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an economic condition in which industry is free of government intervention
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welfare state
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a state in which the government actively looks after the well-being of its citizens
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Co-operative Commonweaalth Federation (CCF)
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Canada's first socialist party founded in the Prairies in 1932; advocated government control of the economy
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capitalism
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an economic system in which the production and distribution of goods are owned privately or by shareholders in corporations who hae invested their money in the hope of making a profit
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Regina Manifesto
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platform of the Co-operative Commonwealth Federation party; it supported public ownership of industry and social programs to assist those in need
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Social Credit Party
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political party founded in Western Canada; opposed to capitalism
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Union nationale
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nationalist French-Canadian political party led by Maurice Duplessis
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Québec nationalism
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a movement advocating for the protection and development of Québécois culture and language
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equalization payments
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a federal transfer of funds from richer to poorer provinces
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What is buying on margin?
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Buying stocks with a 10% down payment.
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What was the impact of falling wheat prices in 1927 and 1928?
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Forced families to abandon their lands and crops were not being planted as much.
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What were work camps?
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A camp in where unemployed men were sent to so they could get jobs (making roads, etc.) during the Depression.
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Why was the On-to-Ottawa Trek organized?
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Because people were tired of relief camps' conditions, and decided to protest it directly to the Prime Minister.
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How many Canadians were unemployed in 1933?
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More than one-quarter of Canada's workforce.
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What was pogey?
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Relief payments by a government, sometimes in the form of vouchers for food and other essentials.
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What year was Prime Minister Bennett born in?
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1870
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In what year did the Bolshevik Revolution occur?
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1917
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What happened on Black Tuesday?
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The New York Stock Exchange collapsed.
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Who came up with the idea of social credit?
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William Aberhart.
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In what year was King's Royal Commission on Dominion-Provincial Relations?
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1937
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In what year was Pablum created?
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1930
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How much money was Germany required to pay other countries after the First World War?
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$32 billion.
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What was the average relief money per month given to Aboriginals?
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$5
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What was the average relief money per month given to non-Aboriginals?
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$19-$60.
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How many trekkers (from the On-to-Ottawa Trek) were there by the time the troupe reached Regina, Saskatchewan?
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More than 2000.
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What was William Aberhart's nickname?
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William "Bible Bill" Aberhart.
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What former Conservative joined the Union nationale?
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Maurice Duplessis.
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What was the name of the CFF's party platform in the 1930s?
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The Regina Manifesto.
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Who was chosen as the party leader of the CFF in 1933?
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J.S. Woodsworth.
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Who drove over the Lions Gate Bridge to honor it?
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King George VI and Queen Elizabeth.
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In what year did King George VI and Queen Elizabeth visit the Lions Gate Bridge to honor it?
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1939
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How much of Canada's workforce was unemployed by the winter of 1933?
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One quarter.
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How much, in comparison with men's wages, did the women earn in the 1930s?
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60 percent.
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What did Germany mass-produce in an attempt to pay off their reparations?
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Print large amounts of German currency.
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What was the result of Germany's mass production of currency?
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The value of German currency dropped.
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When did the New York Stock Exchange collapse?
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October 29, 1929.
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What kind of economy does Canada have?
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A "mixed economy."
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What were Canada's two heavy exports in the 1930s?
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Wheat and newsprint.
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What does Deport mean?
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To send back to one's country of origin.
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