1.3: Factors that affect foreign trade

Question 1

Who where the first people that apportioned their resources and governed their communities in a way that promoted sustainability for future generations?

Answer 1

1. First Nations
2. Inut
3. Metis

Question 2

How was the trading initially in Canada?

Answer 2

People were trading goods and provided each other with stuff they needed to survive. It was like a gift giving

Question 3

Who were one of the first Indigenous nations to encounter Europeans and engage in trade?

Answer 3

Mi’kmaq

Question 4

Where did Mi’kmaq lived?

Answer 4

On the coast during the warmer months and inland during the cooler ones

Question 5

What was Mi’kmaw based on?

Answer 5

Fish and local game

Question 6

The Mi’kmaq has close ties and trade relationships with other Mi’kmaq communities and members of the

Answer 6

Wabanaki Confederacy – the Maliseet, Passamaquoddy, Penobscot, and the Abenaki

Question 7

Nisga’a whose traditional territory is in the

Answer 7

Nass River valley northeast (Prince Rupert in British Columbia) developed a trading system along

Question 8

What were the Nisga’a main products were?

Answer 8

Fish products as well as the eulachan( which is a small type of fish like the smelt) and the oolichan grease
These were traded for staples and furs

Question 9

Where are the homelands for Haudenosaunee ?

Answer 9

Ontario
Quebec
New York

Question 10

What did Haudenosaunee traded for?

Answer 10

With their territories using tobacco staples such as corn, beans and squash (three sisters) furs and quahog shells to make wampum (beads used for ornaments, ceremony and commerce)

Question 11

How were the Metis families economies divided?

Answer 11

Metis both included immediate and extended families and could change due to food resources.
Families could live in multiple tents, tipis and other of lodging

Question 12

What did the Metis economic activities?

Answer 12

Fur trade
Trapping
Farming

Question 13

Where were the Metis farms located?

Answer 13

Around fur trade posts during the 16th to 17th century

Question 14

Where were the Metis traditional farms?

Answer 14

in the Prairies were along river-banks.

Question 15

Metis traded their yields especially grain with the

Answer 15

Hudson’s Bay Company or with local families

Question 16

Inuit families moved frequentrly across the

Answer 16

Arctic and Northern regions to hunt and fish in order to sustain themselves.

Question 17

In ___________ and ___________ Inuit families would move inland based on the winter migration of the caribou herds

Answer 17

Nunatsiavut (Labrador) and Nunavik (Quebec)

Question 18

Where did Inuit families during Arctic regions?

Answer 18

Inland year to round to follow the caribou herds.

Question 19

Inuit people were egalitarian. What does egalitarian mean?

Answer 19

ll people were equal and deserved equal rights and opportunities. Though the Inuit society was built on egalitarian values, men’s decision making was primarily based on matters outside of the home, while women’s decision making resided inside the home.

Question 20

What did the Inuit trade?

Answer 20

Copper iron animal hides and soapstone between the Inupiat, Inuvialuit, and Inuinnait.

Question 21

Who were the two companies in competition with fur?

Answer 21

The French Italic text startCompagnie du Nord-OuestItalic text End and the Hudson’s Bay Company

Question 22

How did the Huson’s May Company moved away from the trade?

Answer 22

moved away from trade using ships and camps and instead focused on permanent trading posts in Canada. This means that they are in continuous need for the Indigenous people

Question 23

Who created an extensive hunting distribution network across Canada?

Answer 23

Cree, they also provided the Europeans with beaver pelts in exchange for blankets rifles and other goods

Question 24

What was the barter system?

Answer 24

Pelts were exchanged for goods that Indigenous pople deemed necessary such as flour, guns and products made of metals.

Question 25

How did the HBC expanded?

Answer 25

The Treaty of Utrecht in 1713 meant the HBC territory was now British territory

Question 26

In the 1700s, settlers began creating permanent communities near waterways where there was easy access to ships coming from and going back to Europe. These settlements eventually became cities:

Answer 26

Halifax, Montreal, Quebec, Ottawa, and Toronto.

Question 27

By ______, The HBC merged with the Compagnie du Nord-Ouest which not only expanded their territory, but ended competition with the French.

Answer 27

1821

Question 28

When was the wage-labor system introduced?

Answer 28

1821

Question 29

As over-trapping became increasingly evident, Indigenous peoples became

Answer 29

less equal partners in trade

Question 30

Why there were treaties?

Answer 30

Because survival became difficult for Indigenous people and some First Nations and Métis communities were forced to make treaties.

Question 31

Treaties were made between

Answer 31

First Nations (as Métis were later excluded from the treaty-making process) and the British Crown, and later Canada,

Question 32

What happened after the treaties?

Answer 32

The Crown used the lands of Indigenous peoples
The Crown provided reserves, payments, clothing, weapons, farming equipment and medicines, along with other elements in exchange for land

Question 33

The Treaties began as ways to promote peace in Canada and in _______ were recognized and affirmed within the _____________.

Answer 33

1982/Constitution Act

Question 34

What caused the growth of industry in the US?

Answer 34

Technologies such as the steam engine and the cotton gin

Question 35

What did Canada supply the US with and what did it recieve?

Answer 35

It gave raw materials such as timber and wheat and Canada obtained goods such as cotton and textiles

Question 36

When did Japan begin to trade with Canada?

Answer 36

After world war II, because Japan became a world leader in high quality electronics

Question 37

Which other Asian countries Canada trades with?

Answer 37

China, South Korea, Indonesia and India

Question 38

When did Canada sign the North American Free Trade Agreement with the United States and Mexico?

Answer 38

1993

Question 39

What were the biggest imports from Mexico?

Answer 39

are machinery, vehicles, and furniture.

Question 40

What were the countries Canada had trade with from the Middle East

Answer 40

Egypt, UAE, and Palestine

Question 41

Palestine’s businesses ship were over $2 billion worth of

Answer 41

diamonds and shoes

Question 42

What did South Africa export to CAN?

Answer 42

gold, platinum, wine, and oranges

Question 43

What did CAN export to South Africa?

Answer 43

close to a billion dollars a year

Question 44

John Cabot first landed in Canada in __________ .

Answer 44

1497

Question 45

What is an economic system?

Answer 45

is a set of practices and laws that determine how a society uses its resources to satisfy its people’s wants and needs.

Question 46

What are the three types of Economic systems?

Answer 46

1. Pure command
2. Mixed
3. Pure Market

Question 47

What is the pure command?

Answer 47

Is a system where the government owns the natural resources, farms, factories, and most businesses. It controls all economic decisions and controls the flow of goods and services. Its not practiced fully anywhere but shibh in Soviet Union

Question 48

Advantages for pure command?

Answer 48

Full unemployment
Stable society
Income equality

Question 49

Disadvantages of Pure command?

Answer 49

• Restriction of freedoms
• Lack of competition resulting in:

inefficiency
lack of innovation
little motivation for hard work

Question 50

What is pure market economy

Answer 50

At the other end of the economic spectrum is apure market economy (also called free enterprise, private enterprise, or capitalism). In this system, business has the freedom to decide what it will produce, how much to produce, and what to charge for the goods produced. And example is the US

Question 51

Advantages of Pure market economy

Answer 51

High competition resulting in:

better consumer selection
keeping the lid on prices
high-quality products
efficiency

Question 52

Disadvantages of pure market?

Answer 52

income inequality (large gaps between rich and poor)
unemployment

Question 53

What is a mixed economy?

Answer 53

In Canada, we enjoy a mixed economic system, and so do most countries in the world. A Bold text startmixed economy Bold text Endhas features of both the command and market economic systems. Businesses are privately owned, but the government has a large say in how business, and the economy in general, function. The main purpose of government regulation is to protect both consumers and businesses.

Question 54

Advantages of mixed economy?

Answer 54

1. Consumer and business protection
2. Basic social services for all
3. Individual incentive encouraged
4. Less inequality of income than in a pure market system because of government intervention
5. Larger government role (than in a pure market system) means priority areas like technology and defence can be quickly mobilized

Question 55

Disadvantages of mixed economy?

Answer 55

If a mixed economy leans too far towards a command or market economy, it can reflect the disadvantages of those systems.

Question 56

What is Democracy?

Answer 56

Democratic societies include Canada, the United States, and the countries in the European Union. Free and fair elections, free speech, rule of law, and freedom of religion are characteristics of a democracy. In a democracy, all citizens have the right to govern themselves and the right to an education.

Question 57

What is an autocracy?

Answer 57

An autocracy, on the other hand, is ruled by a single person or small group. There is often a strong military presence to ensure the ruler stays in control, as well as censorship and a lack of personal freedoms. North Korea and Cuba are examples of autocratic societies.

Question 58

What are the three geography and international trade concerns?

Answer 58

1. Enviromental instability
2. Absence of natural resources
3. Inhospitable climate

Question 59

What is the difference between democratic and autocratic political systems?

Answer 59

In a democratic political system, all members of a society take part in governing themselves. This is considered a free system. An autocratic system is ruled by a single person or small group. There is often a strong military presence to ensure the ruler stays in control.