Chapter 5 Study Guide Test Date: 9-2: Day 9 Period 1 9-4 Day 7 period 2 Terms Branch Plants: A business

owned and controlled by a company headquartered in another country Tariff: ssem!ly line: A row of workers and machines along which work is passed until the final product is made. Primary ind"stries: an industry that uses the products of nature as raw materials #econdary ind"stries: manaufacturing $nstallment plan: a debt to be paid at regular times that include interest ssimilate: to make or become a uniform part of a larger group. #toc% mar%et: place where stocks are bought and sold. #toc%s: the capital of a company dividend into portions or shares of uniform amount that can be then bought and sold. #hare: one of the parts into which the ownership of a company is divided. Di&idend: oney to be shared by those whom it belongs. oney raised during wartime especially from people with small 9-3: Day 6 Period 5 9-5 Day 6 period 3

'ictory !onds: incomes.

$nterest: a fee paid for the use of someone else!s money. #toc% e(chan)e: "lace where stocks are bought and sold.

P"!lic relief: financial aid paid from government funds and given to the poor by the government. P"!lic *or%s: things built by the government using ta#es for the benefit of society. Balanced !"d)et: a budget where income and e#penditures are equal. "ossible $uestions: %. &dentify the causes of economic prosperity in Canada from %'()*%'('. * +ord, gm, and G- built factories * Changing technologies spurred economic growth * the introduction of the assembly line * new inventions for the home. (. .ow did the availability of credit changes people!s lives/ 0he availability of credit changed people!s lives because now people who could not afford to buy things with cash, could1 borrow1 the money to get the things that they wanted. "eople could now buy things such as cars, phones, electric appliances, etc. 2. -#plain how the nature of work in the house changed while e#amining a list of new technology pictures.

). &dentify the causes of the great depression. * Stock market crash on 3ctober (', %'('. * Spending habits during the %'(4!s. "eople spent and borrowed too much money. * Companies began producing more than their demand. * Canada!s -conomy was closely linked with the u.s economy. 5hen u.s economy slowed so did Canada!s.

* Canada relied too much on sales around the world. 5. 5hy were rural people in central and eastern Canada able to cope better than urban Canadians or farmers on the prairies/ &n rural areas people has a subsistent economy, that is they grew or caught a lot of their food. &n the city it was a consumer economy and therefore people needed money to buy their food. &n the praries there were declining wheat sales but also many environmental disasters which affected how much food they could grow. 6. 7o you think the idea of a united Atlantic province is a good one/ +or: * 8arger population means we may be taken more seriously * 9o competition between provinces * Against: * 8ost culture * 8arger areas need more organi:ation, which means more money spent * .ave to share resources. ore money from the government