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Unit 3: The Roaring Twenties and the economic crisis b) The ups and downs of the economy.

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Presentation on theme: "Unit 3: The Roaring Twenties and the economic crisis b) The ups and downs of the economy."— Presentation transcript:

1 Unit 3: The Roaring Twenties and the economic crisis b) The ups and downs of the economy

2 Economic flow for the period between the two world wars is divided into three main sections: 1.Economic Recession ( ) 2.Economic Recovery ( ) 3.Economic Depression ( )

3 b) The ups and downs of the economy 1.Economic Recession: causes: – Impact of war – Huge debt in European countries means less exporting for Canadian products – High tariffs on U.S. products; Canada loses much of its overseas market

4 b) The ups and downs of the economy 1.Economic Recession : – Features: High unemployment Increase in the number of bankruptcies Many Canadians leave the country for the United States

5 b) The ups and downs of the economy 2. Economic Recovery: Features: – Low unemployment – Purchase of new products new technologies – More time for leisure (cinema, jazz, travel...)

6 b) The ups and downs of the economy 2. Economic Recovery: – Causes: European countries borrow from the U.S., – can now buy canadian products. wheat value increases. Expansion of the Canadian industry – (pulp and paper, hydropower, mining, automotive...) More American investment in Canada

7 b) The ups and downs of the economy 2. Economic Recovery: Features: – Low unemployment – Purchase of new products new technologies – More time for leisure (cinema, jazz, travel...)


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