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Unit 3 : The Roaring Twenties and the economic crisis

Unit 3 : The Roaring Twenties and the economic crisis. b) The ups and downs of the economy. b) The ups and downs of the economy. Economic flow for the period between the two world wars is divided into three main sections : Economic Re cession ( 1919-1924) Economic Recovery (1924-1929)

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Unit 3 : The Roaring Twenties and the economic crisis

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  1. Unit3: The Roaring Twenties and the economic crisis b) The ups and downs of the economy

  2. b) The ups and downs of the economy • Economic flow for the period between the two world wars is divided into three main sections: • EconomicRecession (1919-1924) • EconomicRecovery(1924-1929) • EconomicDepression (1929-1939)

  3. b) The ups and downs of the economy • EconomicRecession: • 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 • EconomicRecession : • 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. EconomicRecovery: • Features: • Low unemployment • Purchase of new productsnew technologies • More time for leisure (cinema, jazz, travel...)

  6. b) The ups and downs of the economy 2. EconomicRecovery: • 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. EconomicRecovery: • Features: • Low unemployment • Purchase of new productsnew technologies • More time for leisure (cinema, jazz, travel...)

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