Unit 3 - The Great Depression

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1.
An international organization created after WWI to promote peace and prevent future wars.
2.
The 1931 law that gave Canada greater independence from Britain.
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A famous collection of Canadian landscape painters active during the early twentieth century.
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A major 1919 labour protest involving thousands of Canadian workers.
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A period of declining economic activity marked by lower production and higher unemployment.
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French for "Let it be." An economic philosophy that argues governments should interfere as little as possible in the economy.
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The amount of a product that producers are willing to sell.
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The amount of a product that consumers are willing to buy.
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A rise in the general level of prices over time.
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A general decrease in prices, often accompanied by reduced economic activity.
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The total value of goods and services produced within a country in one year. Known as GDP for short.
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A tax placed on imported goods.
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An economic policy that uses tariffs and trade barriers to protect domestic industries.
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The creation of more goods than consumers are able or willing to purchase.
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Shares of ownership in a company that can be bought and sold.
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Buying investments with the hope that their prices will quickly increase.
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Purchasing stocks with borrowed money instead of paying the full price upfront.
18.
The lowest hourly pay that employers are legally allowed to give workers.