1920s roaring.notebook

1920s roaring.notebook
October 16, 2012
"The Roaring Twenties"
Canada's economy focused on primary products:
Wheat, lumber, fish and minerals
The 1920's ‐ Economic Boom
Initially, the 20s were not 'Roaring'. Jobs were scarce as war‐time
industries geared down and it wasn't until the mid 1920s that the switch
to peace time production took place. By 1924, Canada's economy
improved, in some parts of the country, as other countries began to buy
Canadian goods again.
In the Prairies, the production of wheat increased because of the demand for it in
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Pulp and paper production increased significantly because of the rise in popularity
of newsprint.
The demand for minerals, especially in copper and nickel, led to increases in the
mining industry.
The demand for electricity led to many hydroelectric projects across Canada as we became
less dependent on coal.
The demand for oil and gas from Alberta increased because of the popularity
of automobiles.
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1920s roaring.notebook
October 16, 2012
The United States also invested a lot of money in Canada to set up branch plants.
These are factories owned by U.S. investors, but produce and sell goods in
This allowed U.S. companies to avoid paying tariffs ‐ taxes paid at the Canadian
The upturn in the economy meant that people could afford new luxuries like:
While branch plants created jobs in Canada, it made us rely a great deal on the
U.S. economy.
electrical appliances
record players
These modern conveniences led to more leisure time for Canadians.
'The Roaring 20s: Overview"
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