Natural resources
U.S. INVESTMENT &BRANCH PLANTS
America: new economic strength, invested in other countries by trade, politics, and joint interests
After WWI, Canada faced economic hardship American companies invested in Canada’s natural resources and manufacturing industries
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Americans introduced the branch plant system to Canada
People thought American investment was good for Canada
Others thought too much American investment = American control of the Canada economy
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prohibition & bootlegging
By 1917, all provinces (except Quebec) adopted prohibition
PROS
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CONS
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LARGE PROFIT IN BOOTLEGGING
Led to businesslike crime empires that arose throughout the country
Speakeasies and Blind pigs:
Secret/ private clubs serving alcohol
Bootleggers:
Home-made alcohol for sale and consumption
Rum Runners:
Canadians who smuggled alcohol across the border to the U.S.
Moonshine:
Illegal liquor
Led to businesslike crime empires that arose throughout the country
Speakeasies and Blind pigs:
Secret/ private clubs serving alcohol
Bootleggers:
Home-made alcohol for sale and consumption
Rum Runners:
Canadians who smuggled alcohol across the border to the U.S.
Moonshine:
Illegal liquor
STOCK MARKET CRASH (1929)
Stock Market: provides companies with access to capital (money), in exchange for giving investors a slice of ownership in the company
Almost all the economic classes began to put money into the markets As markets grew, more and more invested a piece of their savings or in some cases all of their money into the market
Early September two Canadian stocks, Imperial and BA reached record highs |
Later, a wave of selling hit the markets and buying products begun
Investors = confused as to the future of the market
October 29, 1929 = the biggest drop and worst day of the crash
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