The Bust
In a bust, this happens to jobs(go up or down)?
They go down
This province benefitted most directly from oil royalties
Alberta
After WWI, factories had to shift from producing war products to goods consumers would actually use — this temporary economic drop was called a brief __________.
Recession
What does assimilation mean?
Adopting another culture and losing your own
The Prime Minister created the National Energy Program(NEP)
Pierre Trudeau
Nickname for the region producing oil at record speed — “the _____ sands.
Oil
Prices rose in the early 1920s — but wages did NOT — this created anger because people were getting poorer due to this effect (name the economic term for rising prices).
Inflation
Which Canadian province had a large Black community facing racism in the 1920s?
Nova Scotia
When oil prices collapsed, this major industry froze..
Housing/Construction Industry
NEP was meant to protect Canada from foreign control (acronym group)
OPEC
The discovery of this natural resource in Turner Valley (Alberta) in 1924 caused a huge boom in that province.
Oil
Name 2 people from the Alberta Famous 5
Emily Murphy, Nellie Mclung, Henrietta Muir Edwards, Louise McKinney, Irene Parlby (Any 2 from the 5)
Fathers had to work far away in remote areas - in what region?
Northern oil fields/Northern Alberta/The Oil Sands
Alberta reacted to the NEP with this intense emotion
Anger
When people started buying radios, washing machines, vacuum cleaners, etc even if they couldn’t afford them, they bought them using this method (paying over time).
Buying on Credit/Installment Plan
What was the Chinese Exclusion Act in 1923 (short summary)?
It blocked almost all Chinese immigration and raised the head tax to $500
This global economic crisis in the early 1980s destroyed oil prices...
Early 1980s Recession
The boom vs bust cycle proved Canada relied heavily on this single sector
The resource sector (specifically the energy / oil sector)
In the 1920s, people began to “play” this place, hoping to get rich fast — many Canadians put their savings into it hoping to make money.
The stock market
What was the immigration act in 1919?
Those who had “peculiar” customs, language and habits were undesirable – seen as difficult to assimilate (become ‘Canadian’)