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Economic Cycles

Explores significant economic cycles that have led to fluctuations in Canada's economy during times of rapid expansion

AB
Economy 1900 - 1914New transportation and communication technology [steamships, trains,esp CPR telegraph and telephone allow Canada to become integrated into world economy
Economy 1900 - 1914Canada produces primary products esp wheat but US and Britain investing in industries [mining, pulp and paper, railway hydroelectric
Economy 1900 - 1914Urbanization increasing
Economy 1914 - 1918WWI bring industrial age to Canada
Economy 1914 - 1918Canada produces millions of shells, planes ships
Economy 1914 - 1918Much of the industrial production done with women in the workforce
Economy 1920'sAfter short recession after Great War, economy booms
Economy 1920'sAmericans invest heavily in Canadian industries
Economy 1930'sGreat Depression/Dust Bowl
Economy 1930'sLittle industrial production, high unemployment, deflation
Economy 1930'sGovernment becomes more involved in economy e.g. Royal Commission on Price Spreads, Bennett's New Deal
Economy 1939 - 1945World War II economy booms again
Economy 1939 - 1945Women recruited for work force
Economy 1939 - 1945Government involved in raising funds [Victory bonds; rationing price controls
Economy 1945 - presentCreation of Welfare State
Economy 1945 - presentOld-Age Pensions improved
Economy 1945 - presentUnemployment insurance created
Economy 1945 - presentFamily Allowances, welfare system expanded
Economy 1945 - 1960Canada's "Golden Age" low unemployment, high prosperity
Economy 1945 - 1960PM King tries to prevent a recession with National Housing Act
Economy 1945 - 1960Unions expanded, wages and benefits increased
Economy 1945 - 1960Baby Boom led to new construction, new schools, rise of suburbs
Economy 1945 - 1960St. Lawrence Seaway completed, natural gas pipeline built from Alberta to central Canada
Economy 1960'sAutopact negotiated with US
Economy 1960'sRegional disparity addressed with DREE [Dept of Regional Economic Expansion]
Economy 1970'sDebate about foreign ownership leads to FIRA [Foreign Investment Review Agency]
Economy 1970'sPolitics of oil - huge increase in price of oil leads to double-digit inflation
Economy 1970'sGovernment introduces wage and price controls as a way to halt inflation
Economy 1980'sStagflation - stagnant economy, high inflation, high unemployment
Economy 1980'sFIRA eliminated Free Trade Agreement signed with US
Economy 1990'sGovernment spending much more than it received in revenue - massive deficits
Economy 1990'sNAFTA created
Economy 1990'sComputer Age arrived

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