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Less severe than a depression, a recession is a downturn in economic activity in which the value of goods and services declines |
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A long period of severe economic and social hardship, massive unemployment, and suffering |
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An economic system in which individuals produce goods and prices are determined by supply and demand |
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An economic system in which both individuals and the government produce and sell goods |
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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 |
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In the economic cycle, the period of economic growth and expansion |
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In the economic cycle, the period following a recession during which the value of goods and services rises |
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More goods being produced than being sold; which leads to increased unemployment |
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A system of using tarrifs to raise the price of imported goods in order to protect domestic producers |
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Compensation from a defeated enemy for damages caused by war |
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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 |
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October 9, 1929, when the New York Stock Exchange collapsed |
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Relief payments by a government, sometimes in the form of vouchers for food and other essentials |
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An unemployed person who moves from place to plave in search of work |
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To send back to one's country of origin |
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Discrimination or hostility toward Jewish people |
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The opposite of inflation, deflation occurs when the price of goods and services falls |
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A government in which the ruling party has more seats in the House of Commons than all other parties combined |
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A 1935 rail trip from Vancouver to Ottawa (stopped at Regina) by unemployed men to protest conditions at employment relief camps |
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A riot that occurred when police attempted to clear On-to Ottawa trekkers from a stadium in Regina |
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An economic condition in which industry is free of government intervention |
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A state in which the government actively looks after the well-being of its citizens |
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Co-Operative Commonwealth Federation (CFF) |
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Canada's first socialist party founded in the Prairies in 1932; advocated government control of the economy |
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And economic system in whhich the production and distribution of goods are owned and privately or by shareholders in corporations who have invested their money in the hope of making a profit |
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Platform of the Co-Operative Commonwealth Federation party; it supported public ownership of industry and social programs to assist those in need |
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Political party founded in Western Canada; opposed to capitalism |
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Nationalist French-Canadian political party led by Maurice Duplessis |
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A movement advocating for the protection and development of Quebecois culture and language |
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The formation of labour unions |
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