Chapter 2 Economy Pg 206-215 Flashcards
What was the cause of the Stock Market Crash?
Overproduction
How does overproduction really cause the Stock Market to crash?
Cycle! Overproduction leads to fall in prices, decline in stockvalues, and eventually layoffs
Who was the prime minister of Canada during the depression?
R.B Bennett
What were some federal solutions?
“the new deal”
Welfare
Pensions to encourage retirement
Public works
Premier of Quebec as of the mid 30s
Maurice Duplessis
What were some provincial solutions
Soup kitchens
Welfare
Public works
Assistance for mothers in need
Identify the three largest industries in WWII
Weapons
Food
Clothing
What were the role of women during WWII?
Factory workers
How did the sale of Victory Bonds help the government during WWII?
Victory bonds were used as a way for the governement to get money. (People collected interest and the bonds were cashed)
Name the famous quebec company that made the military vehicle during WWII?
Bombardier
What did the Duplessis governemnt introduce in 1945 to help improve the lives of farmers?
Rural electrification
Which economic sector experienced the largest rate of growth?
Tertiary
Following the war, many workers began to unionize what did they ask for?
2 weeks paid vacation
40hrs a week + overtime pay
Health insurance
Pensions
Explain the term mass consumption
Buying a lot
Satisfying you wants, not just your needs
Identify two examples of mass consumption after WWII?
Cars and vacation
