Highlights from Palmer & Palmer, “The Alberta Experience” Main Thesis: - Alberta has experienced fundamental changes, in rapid succession, with little.

Slides:



Advertisements
Similar presentations
1.5 Who loses from the Global Shift and Globalisation? Deindustrialisation - MEDCs.
Advertisements

 Globalisation and global shift. Global interdependence - the way in which economies and societies are interlinked.
The Promise and Perils of Prosperity. Key Terms ► Social Support ► Natural Resources ► Boom Towns ► Megaprojects ► Pollution ▸ Branch Plants ▸ Economic.
Section 1:History and Culture Section 2:Canada Today Section 3:Geographic Issues CHAPTER 9 Canada.
Section 1: History and Culture Section 2: Canada Today
Basic economic philosophy  A belief in the market forces  Private initiative  Laissez-faire  Self-reliance  The ”self-made” man.
Industrialization and Its Impact Most political, economic, social, and cultural developments in the late 19 th century can be understood in terms of the.
Macroeconomics: Introduction Xu Hu Texas A&M University.
Do Energy Prices Matter? Rachel Miller Nenad Pentelic.
Canada History and Culture.
GLOBAL CHANGES CUTTING DEEP Economics of energy changing based on external global dynamics, particularly with OPEC Oil prices have fallen by more than.
Objectives Describe the causes and effects of the industrial boom that occurred in the 1920s. Explain how rising stock prices encouraged many to borrow.
The Region Today. Oil Production 8.25 million barrels a day Economies modernized by oil wealth Oil related manufacturing.
Chapter 14: Sustainability and Prosperity  Sustainability:“development that meets the needs of the present without compromising the ability of future.
Westward Expansion &The Market Revolution
AMERICAN CIVILIZATION
WHY GLOBALIZATION WORKS Martin Wolf, Associate Editor & Chief Economics Commentator, Financial Times, London Nottingham University Nottingham 17 th February.
Post War Boom At Home Unit 6 – Post War Boom. Roles of Women Women were encouraged by the government to give up their jobs to make room for returning.
Chapter 2: Industrialization and Immigration, 1860–1914
Supply Curve Demand Curve What happens to demand if price goes UP? What happens to demand if price goes UP? What happens to supply if price goes UP?
Learning Standards : Post WWII - Cold War. American History.
After the Latin American Revolutions / Economic growth depended on England 1. Abundance of natural resources 2. Close ties between ruling class and merchant.
5 th 6 Weeks Review. 1. How did windmills increase the population in West Texas? Settlers did not have to depend on sources of surface water.
Goal 8: WWI and Beyond. Effects of the War Influenza Epidemic –Hit the U.S. in 1918 and spread around the world killing 550,000 Americans, including 50,000.
Economic Activities in North America
Middle East: Changing Economic and Social Patterns.
THE RISE OF INDUSTRY. Vocabulary Gross National Product (GNP): total value of all goods and services produced by a country Laissez-faire: policy that.
Democrats vs. Whigs. DEMOCRATS WHIGS Advocated weak government, especially federal government Advocated strong government, especially federal.
Chapter 4 THE STRUCTURAL FOUNDATIONS OF AMERICAN GOVERNMENT AND POLITICS.
Bell CPR Ford Imperial Oil Florida Lands Stock Market Prices.
The Resurge of the US Economy Or did it?. Finding One’s Stride At some point in the mid-1990s the US economy finally found its stride again But some of.
21 September 2015 by Sigrid Brevik Wangsness. I. 18 th Century  Economic reasons for the War of Independence ( )  Agriculture as the main economic.
Fuel Conservation and Management Symposium Explaining the Rise and Fall in Oil Prices in 2008 September 22, Philip K. Verleger, Jr. PKVerleger LLC.
America Opens Up “I know of no country, indeed, where the love of money has taken stronger hold on the affections of men.” Alexis de Tocqueville.
Chapter 13 Changes on the Western Frontier. Following the Civil War, the US continued to expand and become more and more industrialized. Railroads played.
 The People ◦ There are nearly 320 million people in the United States today. ◦ The first people moved to the region thousands of years ago from Asia.
Canada: The 1970s What was going on? The relationship between the federal and provincial governments was becoming even more strained Separatism was on.
The End of the Cold War. The 3 main dimensions of the Cold War: Ideological  Communism vs. capitalism, revolutionary processes Geopolitical  The Soviet.
Farming Trouble in the US’s 1920s Economic BOOM
 Canada operates under the free enterprise economy.  Individuals and groups (not the government) control businesses and industries  Fertile soil, numerous.
The Great Depression The Years between the Wars – Part One Teacher’s Edition.
What is a Recession?. In economics, a recession is a general slowdown in economic activity over a sustained period of time, or a business cycle contraction.
Human Geography of Canada. Announcements! Pick up Environment Crossword from the back table! Urban Sprawl worksheet due tomorrow (half-daily!) Test review.
Macro environment: Macro environment consists of an organization’s external factors that affect its business indirectly. The organization has no or little.
CANADIAN HISTORY 1201 Unit 3: The Prosperity of the 20s.
Group work 6. What influence do trade bloc have in helping North America become energy secure?
12c – The AD /AS Model: Stabilization Policies
10 October 2016 by Sigrid Brevik Wangsness
Middle East: Changing Economic and Social Patterns
14 Forging the National Economy
Canada Preview Section 1: History and Culture Section 2: Canada Today
US History Standards-- 11th Grade
Objectives Describe the causes and effects of the industrial boom that occurred in the 1920s. Explain how rising stock prices encouraged many to borrow.
The business cycle In a Market Economy.
The Roaring Twenties A Booming Economy.
Post-Cold War Events.
North America Settler Colonies.
Social Studies 11 Post-War Canada
Mixed Economy Social 9 - Chapter 6.
Regional Issues East vs West.
Chapter 22 – Section 4 The economy of the 1920’s.
Population Patterns of the United States and Canada
Holding it together!.
Ronald Reagan: A Unique President
The U.S. Economy in the Inner War Period
The Age of Jefferson and Madison
Transformation of the Class Structure in Alberta
The Great Depression in Canada
Contemporary Issues in Texas
Presentation transcript:

Highlights from Palmer & Palmer, “The Alberta Experience” Main Thesis: - Alberta has experienced fundamental changes, in rapid succession, with little time to adapt before the next fundamental changes hit.

Economic Changes Shifts in the Staples Base of the Provincial Economy fur -> buffalo hides -> beef -> wheat -> oil -> gas -> heavy oil Recurrent Cycles of Boom & Bust 1898Klondike boom 1914Turner Valley 1930sDepression 1950spost-Leduc boom 1970sOPEC boom 1982Recession 1986Oil Price Crash 1994Klein revolution: austerity 1997oil & gas boom

Some Profound Social Changes in Alberta Ethnic & Religious Commerce Urbanization The State Social Protest Role of Women

External Shocks to Alberta and Vulnerability to Boom and Bust Cycle 1968: Multinational oil companies’ flight to Alaska 1973 ff OPEC price increases Energy war with federal govt. 1980N.E.P. & recession thereafter Early 80s High interest rates 1986Oil price collapse Mid-90s Cutbacks on federal fiscal transfers Alberta has one of the most unstable economies of all the provinces in Canada.

Sources of American Influence in Alberta Oil industry’s close links with Houston, Denver, & Oklahoma e.g., U.S. execs; career circuit Early settlement (pre-WWI) by American farmers incl. Mormons; close ties maintained Strong ties btwn fundamentalist religious groups in Alberta & their American counterparts American markets for Alberta’s staples (e.g., gas, wheat, beef) American TV (cable; satellite)

Bases of Right-Wing Support in Alberta Nature of the Oil Industry: - large middle class; small blue collar class - integrated w/ USA (Republican influence) Selective In-migration - ardent free-enterprise entrepreneurs - Post WWII in-migration of persons with aversion to left-wing ideas (e.g., refugees from eastern Europe, British, Dutch, Amer.) Frontierism - individualism carried forward to today - mythology of the boundless opportunities of the frontier Economic, religious, & social ties to Republican USA

Feedback: Privacy Policy Feedback
Do Not Sell My Personal Information
About project: SlidePlayer Terms of Service

© 2024 SlidePlayer.com Inc. All rights reserved.