Cananda And The 20s #3

Question 1

What are Branch Plants?

Answer 1

Businesses owned and controlled by companies in another country

Question 2

What is a Primary Industry?

Answer 2

An industry dependent upon the harvesting of resources

Examples include agriculture, fishing, and mining.

Question 3

What is a Secondary Industry?

Answer 3

An industry that transforms resources into goods

Examples include manufacturing furniture or automobiles.

Question 4

What are the potential negative effects of foreign investment in a country?

Answer 4

Too much investment may prioritize the investing country’s interests over the local economy

This can lead to economic dependency and reduced local control.

Question 5

What happened to the Canadian Auto Industry?

Answer 5

It was taken over by three American auto companies

This consolidation often leads to reduced competition and impacts local jobs.

Question 6

How might American investment in Canada be seen as detrimental?

Answer 6

Profits often wind up going south of the border

This situation can limit reinvestment in the local economy.

Question 7

True or False: Foreign investment is always beneficial for the country receiving it.

Answer 7

False

Excessive foreign investment can lead to negative outcomes for local economies.

Question 8

What are examples of Primary Industries?

Answer 8

• Agriculture
• Fishing
• Mining

These industries typically involve the extraction or harvesting of natural resources.

Question 9

What is the impact of urbanization on economies?

Answer 9

Urbanization often leads to increased economic activity and growth

However, it can also create challenges such as overcrowding and infrastructure strain.

Question 10

What was the role of American investment in Canadian pulp and paper mills?

Answer 10

It represented a significant area of investment

This investment often aimed to exploit Canada’s natural resources for production.

Question 11

What is bootlegging?

Answer 11

The illegal production and distribution of alcohol

Bootlegging emerged as a response to Prohibition in many countries.

Question 12

Explain the concept of plebiscites.

Answer 12

Direct votes in which an entire electorate is invited to vote on a particular proposal

Plebiscites often concern issues of national importance, such as independence or constitutional changes.