Canada's changing economy

Canada's changing economy

CANADAS CHANGING ECONOMY TUESDAY OCT. 18, 2016 LEARNING GOALS: How did Canadas economy change after World War One?

DEFENITIONS: (PG. 58, 62) Branch Plants Tariffs Primary Industry Secondary Industry Plebiscite In the begining of the 1920s, Canada was in a state of

economic depression. However by 1925 the economy started to improve and expand. Canadas economy included: Agricultural products (ex. wheat) Manufacturing natural resources (ex. Pulp and paper mills) Mining (lead, zinc, silver, and copper) Forest industry These resources where produced and either sold locally or

exported. THE UNITED STATES INVESTS IN CANADAS ECONOMY Before WW1 Canada traded mainly with Britain. After the war, Britain was in great debt and the United States led as the worlds economic leader. In the 1920s, American investments in Canada

increased. They invested in paper mills, pulp and mines. The majority of these products and resorces were then exported to the U.S. AMERICAN OWNERSHIP OF CANADIAN BUSINESSES American investors set up branch plants in Canada. For example, American car

makers avoid Canadian tariffs by manufacturing cars in Canada. The Canadian auto industry has been taken over by the Big Three American automoblie companies General Motors, Ford, Chrysler. American industries also owned Canadas oil businesses and more than half of the rubber and electrical companies. Many Canadians were so pleased with American investments they did not think

about long-term consequences. The American industry benefited the most although they helped the Canadian industry. ILLEGAL ALCOHOL AND PROHIBITION Although the Womens Christian Temperance Union succeeded in prohibition of alcohol during WW1, alcohol was still available for people with money. People could get alcohol from doctors as a tonic or from a bootlegger (person who sells alcohol illegally). The Canadian government realized that prohibition wasnt working and, on 1921, it regulated the sale

of alcohol. In the U.S. prohibition lasted until 1933. Canadians took advantage of this and became involved in rum-running ( smuggling alcohol into the U.S. ). It was dangerous but profitable. These Canadians used ships, trucks, etc. . The Canadian government was tolerant with rum-running and rather happy. DEBATE

Preparation time: 45min Topic: Are trade unions good or bad for the economy of a country? Page: 60-61 HOMEWORK: Pg. 62 # 1-3

Out of 3 For bonus marks on the quiz. THANK YOU FOR LISTENING

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