Interwar Years SG Ch3 Flashcards
1
Q
what is arbitration?
A
- process when quarrelling countries submit their disputes to a third party for a ruling
- MofL promised not to go to war until they sent their disputes to arbitration
2
Q
what are the keynesian economics?
A
- john maynard keynes
- proposed government should spend their way out of the depression instead of cutting costs
- deficit financing: proposed governments should borrow money and repay it back in the future once the economy recovered. money used for huge employement projects that would be valuable and not just make-work
3
Q
what is pier 21?
A
-port of halifax that european immigrants used to enter
4
Q
what is the balfour report?
A
- acknowledged that the dominions were autonomous/independent communities within the british empire
- canadian governor general was only a representative of the british monarch
- happened at imperial conference 1926
5
Q
what is bloody saturday?
A
- june 21, 1919
- day violence errupted in winnipeg and a huge crowd gathered to watch the protesting parade of the arrest of strike leaders
- overturned streetcar and set it on fire
- mounted police charged crowd: 1 man killed;30 injured;hundreds arrested
6
Q
what is prohibition?
A
- laws against making, selling, and drinking of alcohol
- lasted in canada until approxx 1921 (1933 in US_
- could obtain liquor from doctors (“tonic”) or “bootleggers” who made liquor illegally in a secret underground bar
- real McCoy was not watered down;watered down liquor meant it could not be sold
7
Q
who is emily carr?
A
- emerged in 1920s and 1930s
- one of canada’s greatests artist
- sketched and painted scenes of forests around victoria, bc and studied local indigenous cultures
- successful authour;won GG award for first novel “Klee Wyck” (the laughing one)
8
Q
what is laissez faire?
A
- applied to nineteenth century
- translation: “let do”
- closer to: “let it be” & “dont get too involved”
- governments let economy do whatever it wanted without interference
9
Q
what is a revenue?
A
- money taken in by government
- usual sources include taxes and customs duties (tax on imported goods)
10
Q
what is deficit financing?
A
-deficit financing: proposed governments should borrow money and repay it back in the future once the economy recovered. money used for huge employement projects that would be valuable and not just make-work
11
Q
what are staples?
A
- basic products that are heavily depended on by an economy
- canada’s included crops, timber and minerals and were its most important exports
- if other countries bought them, economy would be strong
12
Q
what is buying on margin?
A
- 1920 investors bought stock shares on margin
- investors buying stocks with borrowed money in hopes the stock would rise significantly in a short time
- speculation occurs after
13
Q
what is a tariff?
A
-duties/money collected on goods coming into a country
14
Q
what is a pogey?
A
- program developed by the government that provided vouchers for those people who qualified. they could exchange them for goods like food or other essentials
- it was kept under the lowest paying jobs to discourage people from wanting to be on them
- not sufficient
15
Q
what is the social credit party?
A
- a new political party formed in response to the great depression.
- impact on canadian political life
