Help
Options
Didn't know it?
click below
click below
Knew it?
click below
click below
Don't Know
Remaining cards (0)
Know
retry
shuffle
restart
0:00
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.
Normal Size Small Size show me how
Normal Size Small Size show me how
Socials chapter 4
Vocabulary for chapter 4
| Term | Definition |
|---|---|
| recession | less severe than a depression, a recession is a downturn in economic activity in which the value of goods and services decline |
| depression | a long period of severe economic and social hardship, massive unemployment, and suffering |
| market economy | an economic system in which individuals produce goods and prices are determined by supply and demand |
| mixed economy | an economic system in which both individuals and the government produce and sell goods |
| supply and demand | the quantity of a product that is available and the market's desire for that product; the price of the product varies based on supply and demand |
| prosperity | in the economic cycle, the period of economic growth and expansion |
| recovery | in the economic cycle, the period following a recession during which the value of goods and services rises |
| overproduction | more goods being produced than being sold; leads to a decrease in production; which leads to increased unemployment |
| tariffs | taxes on imported goods |
| protectionism | a system of using tariffs to raise the price of imported goods in order to protect domestic producers |
| reparations | compensation from a defeated enemy for damages caused by war |
| speculation | buying shares "on margin" with the expectation that the value of the shares will increase enough to pay back the loan and make a profit |
| Black Tuesday | October 29, 1929, when the New York Stock Exchange collapsed |
| pogey | relief payments by a government, sometimes in the form of vouchers for food and other essentials |
| transient | an unemployed person who moves from place to place in search of work |
| deport | to send back to one's country of origin |
| anti-Semitism | discrimination or hostility toward Jewish people |
| deflation | in opposite of inflation, deflation occurs when the price of goods and services falls |
| majority government | a government in which the ruling party has more seats in the House of Commons than all other parties combined |
| On=To-Ottawa Trek | a 1935 rail trip from Vancouver to Ottawa (stopped at Regina) by unemployed men to protest conditions at employment relief camps |
| Regina Riot | a riot that occurred when police attempted to clear On-To-Ottawa trekkers from a stadium in Regina |
| New Deal | a series of programs, such as social assistance for the aged and unemployed, introduced by U.S. president Roosevelt in the 1930s to deal with the Depression |
| laissez-faire | an economic condition in which industry is free of government intervention |
| welfare state | a state in which the government actively looks after the well-being of its citizens |
| CCF (Co-operative Commonwealth Federation) | Canada's first socialist party founded in the Prairies in 1932; advocated government control of the economy |
| capitalism | an economic system in which the production and distribution of goods are owned privately or by shareholders in corporations who have invested their money in the hope of making a profit |
| Regina Manifesto | platform of the CCF party; it supported public ownership of industry and social programs to assist those in need |
| Social Credit Party | political party founded in Western Canada; opposed to capitalism |
| Union nationale | nationalist French-Canadian political party led by Maurice Duplessis |
| Québec nationalism | a movement advocating for the protection and development of Québecois culture and language |
| unionization | the formation of labour unions |
| Rowell-Sirois report | report of the Royal Commission on Dominion-Provincial Relations, a commission set up in 1937 to examine the Canadian economy and federal-provincial relations |
| equalization payments | a federal transfer of funds from richer to poorer provinces |
| Keynesian economics | an economic theory named for John Maynard Keynes (1883-1946) who advocated government intervention in the economy, especially during economic downturns |
Created by:
4806jenna
Popular Social Studies sets