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39 Cards in this Set
- Front
- Back
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Buying on Margin
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Refers to buying an asset by paying the margin and borrowing the balance from a bank to broker
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Depression
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A period of severe economic and social hardship, massive unemployment and terrible suffering
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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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Pogey
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An unemployment or welfare benefit for someone with no alternative source of income
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Relief Payments
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The government would give money or food vouchers to applicants who met their requirements
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Vouchers
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Were handed out during the Depression to get food. Obtaining vouchers was a humiliating experience, the receiver had to stand in line and declare their financial failure and proved they owned nothing of value
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Soup Kitchens
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Charities and churches set them up to provide free food for the hungry and the homeless
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Riding the Rails
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Unemployed men would illegally jump aboard trains to go to other cities in search of work
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Jungles
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Sprawling shanty towns outside of cities where young, unemployed men lived
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Drought
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Severe lack of rain causing dust storms and burnt crops
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Dust Bowl
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An area of land where the vegetation has been lost and the soil is nothing but dust
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Prairie Farm Rehabilitation Administration Act
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An act authorizing programs designed to overcome Prairie drought-related disasters and to provide greater economic security by developing agriculture
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Five Cent Speech
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Prime Minister William Lyon Mackenzie King said he wouldn't support any Conservative provinces
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R.B. Bennett
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Leader of the Conservatives. Beat Mackenzie King in the 1930 election even though he was not in favour of government relief either
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Tariffs
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A tax put on imported or exported goods
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Bennett Barnyard
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An abandoned prairie farm named after prime Minister R.B. Bennett
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Bennett Blanket
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A newspaper
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Bennett Buggy
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A car pulled by horses because the owners could no longer afford to buy gas
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Work Camps
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Camps set up in isolated areas where men would go to work on projects like building roads, clearing land and digging ditches. The men were paid a small wage was 20 cents a day
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On-to-Ottawa-Trek
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Thousands of men left work camps to protest against the camp conditions in Ottawa. The men crowded onto trains, when they reached Regina the RCMP had contained the protesters and allowed only the leaders through to Ottawa. In Regina the RCMP were ordered to force all the protesters out. The trekkers resisted resulting in 1 death, many injuries and 130 men arrested
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Laissez-Faire
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A government policy of not interfering in the working of the market economy by regulations or economic policies
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John Maynard Keynes
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A British economist who said that governments should spend more money on public works to create jobs and restart the economy
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Roosevelt's New Deal
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Involved a program of relief unemployed men, economic recovery and reform
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Bennett's New Deal
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The Deal included unemployment insurance, minimum wage, health insurance and agricultural marketing boards
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Welfare State
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A system whereby the government undertakes to protect the health and well-being of it's citizens, especially those in financial or social need, by creating grants, pensions or other benefits
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Co-operative Commonwealth Federation (CCF)
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A socialist part. It's platform was the Regina Manifesto, the party stated their support for public ownership of industries. It also supported social programs to assist the elderly, the unemployed, the homeless, the sick and other citizens unable to support themselves. The CCF urged the government to spend money on public works to create employment
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J.S. Woodsworth
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Leader of the CCF
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Social Credit Party
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Based on the belief that there should be more money in circulation to stimulate the economy. The Party promised a " Basic Dividend" of $25 to each citizen over 21, which never happened
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William Aberhart
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"Bible Bill". The leader of the Social Credit Party. He was a preacher and high school teacher in Calgary
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Union Nationale
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Nationalistic French Canadian Party that was supported by the Roman Catholic Church and rural voters. The party blamed Quebec's social and economic problems on the English minority
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Maurice Duplessis
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Leader of the Union Nationale. A former Conservative
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Rowell-Sirois Commission
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Created to examine the thorny issue of federal-provincial relations. It recommended that the federal government have more control over taxation then would give the poorer provinces equalization payments to make sure every province was able to offer it's citizens the same level of services. It also recommended that the government should be responsible of unemployment insurance and other social benefits
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Equalization Payments
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Payments made by the federal government to some provinces so that the standard of living will be more uniform across Canada
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CBC
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Canadian Broadcasting Corporation. Ran Canadian-produced music and entertainment programs in French and English
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Dionne Quintuplets
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Born in northern Ontario to poverty-stricken parents. The girls were taken into the care of the Ontario government and put on display in a specially built hospital where millions of people could view them on a one-way screen.
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Grey Owl
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A Canadian figure that devoted lots of his life to preserving the northern Canadian forests and disappearing beavers. He toured speaking about conservation and made movies
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Fascist
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A form of authoritarian government that was set up in Italy and Germany before World War 2
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Isolationists
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People who hold the belief that one's country should keep separate from the politics and disputes of other countries
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S.S. St. Louis
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A German ocean liner which tried to find homes for 937 German Jewish refugees who were denied entry to Cuba, the US and Canada
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