TEST REVIEW CHAPTER 6: PROSPERITY AND DEPRESSION
1. What was the difference between the 1920s and the 1930s economically?
2. How did the end of WWI affect the Canadian economy?
3. How was the experience of Atlantic Canada different from the rest of Canada when talking about the Roaring Twenties? hint: Look in A Stalled Economy for Others
4. Definitions – need to know, and be able to explain, tariff, primary vs. secondary industry, installment plan
5. What factors hampered the Maritime economy in the 1920s? (see p.88 of textbook, you’ve already answered this)
6. What was the experience of the First Nations in the 1920s? Know the word assimilate. Know residential schools. Know Indian Act restrictions. (all on p.92)
7. How did electricity drive economic growth in the 1920s? What effect did mass production have on life of the 1920s?
8. How did women’s roles change in the 1920’s? Look at education on p.91 and track through to Changing and Conflicting Attitudes on p.94.
9. Definitions – know the terms stocks, share, dividend, public relief, public works and balanced budget.
10. How did the stock market and stocks and shares help the economy to grow in the 1920s (before the Great Depression that is)?
11. What is Black Tuesday? When and why did the stock market crash? Answer – Thurs. Oct.24th – Tues.Oct.29th, 1929 because share prices started to fall and became worth less money. People panicked, tried to get their money out of stocks, this caused them to crash/fall faster. Without confidence in the market by investors, the market crashed.
12. What are the root causes of the Depression? Answer - With easy and available credit, people bought and sold more goods. Credit was even being used to buy stocks. Everybody believed the good times would not end, so they spent money freely. Canada’s economy was closely tied to that of the US. As their economy slowed, so did ours. In Canada, we relied on trade to foreign countries for growth and by 1932 this dropped by 50%.
13. Describe the difficult conditions of the Depression – hint: look to “Social Conditions” and “Hard Times Across the Country” in your notes as two sources.
14. What were the new political parties created out of the Depression? Why might they be considered only regional parties? What ideas did each of them offer and why would these ideas have been attractive to Canadians?
15. Explain the significance of terms like “Bennett buggie,” “eggs Bennett,” “Bennett blanket,” and “Bennett coffee.” What does this tell us about Canadian’s perceptions of R.B. Bennett.
16. What was the trend of the unemployment rate in Canada over the course of the late 1920s and 1930s?
17. From what we have studied, explain why this chapter is titled what it is?