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CHC2D Making History-Chapter 20 Unit 6

Economy in Upheaval

Oil EmbargoA suspension of trade in oil.
InflationThe rise in prices for goods and services that increases the cost of living and triggers the demand for a war in wages.
RegionalismA concern for the affairs of one's own region over those of one's country.
Regional DisparityDifferences in resources and jobs, and in wages and prices from one geographic region to another.
Western AlienationDissatisfaction felt in Western Canada, based on belief that the federal gov't overlooks their needs and favours Central Canada.
Transfer PaymentsFederal gov't funds allocated to provincial gov't to pay for education, health care, and other programs.
CRTC Canadian Radio-television and Telecommunications CommissionTrudeau offered this to give Canada a sense of complete Canadian programming
Wage and Price ControlsRegulations that limit the increases that business, and gov't can make in wages they pay employees and prices they charge for goods.
Petro-CanadaCreated to develop and explore Canada's oil reserves and to supply oil and gas to the public.
National Energy ProgramHad three aims: reduce consumption of oil, Protect Canada from raising prices, and make Canada self sufficent.

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