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Economic Challenges

Economic Challenges. Canada in the 1960’s and 1970’s. INFLATION. 1973: OPEC oil embargo Arab-Israeli War Increase in oil prices Increase in wages  increased inflation Increased unemployment Increase in dual income families. REGIONALISM.

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Economic Challenges

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  1. Economic Challenges Canada in the 1960’s and 1970’s

  2. INFLATION • 1973: OPEC oil embargo • Arab-Israeli War • Increase in oil prices • Increase in wages  increased inflation • Increased unemployment • Increase in dual income families

  3. REGIONALISM • Regional disparity: economic gap between the poorer provinces and more prosperous province • Trudeau increased the transfer payments to poorer provinces • Western alienation: the feeling by Western Canada that federal policies favor Central Canada • National Energy Plan (NEP): • Decrease consumption of oil • Protect Canadians rising oil prices • Make Canada more self-sufficient in oil

  4. EXPANDING HORIZONS • Too much US influence on Can. economy? • Trudeau: new trading partners • G’ment tried to strengthen control over econ. and culture • NEP, CRTC, Foreign Investment Review Agency (FIRA) • FIRA: review all major proposed foreign investments to determine whether they serve Canada’s national interests

  5. ENVIRONMENT

  6. ENVIRONMENTAL MOVEMENT • Environmental problems rooted in this era • Silent Spring by American Rachel Carson • Groundbreaking • G’ments and businesses resisted attempts to limit pollution • Public concern for the environment increased • Environmental groups established • Awareness increased, legislation changed

  7. Warriors for the environment • Est. in 1970 by BC activists • Draw attention to environmental concerns • 1971: set sail for Amchitka Island, AK • “bear witness “ to US underground nuclear testing

  8. THE FUTURE OF ENERGY • Result of the increased awareness about the environment • New technologies • Solar, wind, tidal energy

  9. SOME INNOVATIONS… • 1961: disposable diapers • 1967: first heart transplant • 1969: internet and first man to walk on the moon • 1971: microchip • 1976: flexible disk drive

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