Chapter 4 Multiple Choice 1. In the Canadian economy, what determines levels of production and prices? a. government policies b. extensive market surveys c. supply and demand d. the behaviour of the American economy

Chapter 4 Multiple Choice 2. Stock sales technique which allowed investors to pay only about 10% of a stock’s value when purchasing. a. easy credit b. revolving credit c. buying on margin d. short buying

Chapter 4 Multiple Choice 3. During the 1920s, what was the major weakness of the Canadian economy? a. heavy dependence on the export of manufactured goods b. heavy dependence on the export of primary resources c. heavy dependence on supplies of imported foodstuffs d. heavy dependence on imported raw materials

Chapter 4 Multiple Choice 4. The Canadian economy in the 1920s was based on: a. the export of manufactured goods b. extensive service industries c. the export of resource products d. close ties with Britain

Chapter 4 Multiple Choice 5. By the end of the 1920s, Canadian wheat: a. was in great demand globally b. suffered from huge stockpiles of grain no one wanted c. enjoyed little international competition d. was priced sensibly

Chapter 4 Multiple Choice 6. Which of the following was a cause of the Depression? a. drought and crop failures b. collapse of the stock market c. overproduction d. all of the above

Chapter 4 Multiple Choice 7. Another cause of the Depression was growing levels of: a. nationalism b. isolationism c. imperialism d. protectionism

Chapter 4 Multiple Choice 8. One major reason Mackenzie King lost the election of 1930 was that he: a. refused to spend any public money on relief b. proposed nationalizing the banks c. His “5 cent” speech which refused to spend any public money in provinces with a Conservative government d. suggested that poor families should grow their own food

Chapter 4 Multiple Choice 9. Conservative Prime Minister of Canada between 1930 and 1935: a. Arthur Meighen b. Mackenzie King c. R.B. Bennett d. Wilfred Laurier

Chapter 4 Multiple Choice 10. Tariffs generally: a. allowed for expansion of international trade b. had been abolished by 1930 c. restricted international trade coming into Canada d. allowed Canadian goods to flood the American market

Chapter 4 Multiple Choice 11. During the Depression, women with jobs: a. were seen as supporting their families b. were seen as taking jobs from men who needed them c. were paid as much as men d. lost their jobs due to government legislation

Chapter 4 Multiple Choice 12. Which of the following groups were eligible for relief? a. single men b. single women c. men with families d. all who applied for it

Chapter 4 Multiple Choice 13. Most relief programs paid: a. less than was needed for a family to buy food b. an adequate amount for food c. enough for families to buy food and clothing d. a federal standard of food relief

Chapter 4 Multiple Choice 14. Which of the following is the correct sequence of the business cycle? a. prosperity - recession - recovery - depression b. prosperity - recovery - recession - depression c. prosperity - recession - depression - recovery d. recovery - depression - prosperity - recession

Chapter 4 Multiple Choice 15. In order to attack the Depression, R.B. Bennett promised to: a. abolish tariffs b. raise tariffs c. lower tariffs d. prohibit trade with Britain

Chapter 4 Multiple Choice 16. “Bennett buggies” were: a. an innovative low-cost automobile developed by the government b. a popular carriage in the 19th century c. cars pulled by horses d. the last Canadian-built and -designed automobile

Chapter 4 Multiple Choice 17. Which of the following did R.B. Bennett’s government not do during the Depression? a. spend $20 million on work creation projects b. raise tariffs to protect Canadian industries c. pass an comprehensive Unemployment Insurance Act in 1933 d. pass a Prairie Farm Rehabilitation Act in 1935

Chapter 4 Multiple Choice 18. In 1932, Franklin D. Roosevelt won the U.S. presidential election by proposing which of the following programs? a. The Sunny Way b. The New Way c. A New Deal d. The New Frontier

Chapter 4 Multiple Choice 19. In order to deal with large numbers of unemployed men, Bennett: a. conscripted them into the armed forces b. promised them jobs in the cities c. created a system of work camps in large cities d. created a system of work camps in remote areas

Chapter 4 Multiple Choice 20. Conditions at relief camps: a. improved slowly b. led to a rise in political protest c. were the subject of a Royal Commission inquiry in 1934 d. encouraged men to join the Army as an alternative

Chapter 4 Multiple Choice 21. During the 1930s, the Prairies were affected by: a. drought b. low wheat prices c. plagues of grasshoppers d. all of the above

Chapter 4 Multiple Choice 22. Region where personal income suffered the greatest decline: a. Ontario b. the Maritimes c. B.C. d. the Prairies

Chapter 4 Multiple Choice 23. The theory of social credit was that: a. banks needlessly hoarded money b. “free enterprise” was the ideal political system c. consumers were inefficient and wasteful d. the government should not get involved in the economy

Chapter 4 Multiple Choice 24. The Social Credit government of William Aberhart proposed: a. nationalizing all banks b. providing $25 per month to all citizens as a “basic dividend” c. raising the minimum wage d. separating from Canada

Chapter 4 Multiple Choice 25. Social credit originated in which province? a. Ontario b. B.C. c. Alberta d. Saskatchewan

Chapter 4 Multiple Choice 26. Which new Canadian political party published its platform (political ideas) in the ‘Regina Manifesto’? a. the CCF b. the Social Credit Party c. the Union Nationale d. the Reconstructionist Party

Chapter 4 Multiple Choice 27. Which of the following was not approved by B.C. Premier Dufferin Pattulo in his “Little New Deal”? a. increasing the minimum wage b. a “basic dividend” of $25 per month c. spending money on public works d. raising relief payments by 20%

Chapter 4 Multiple Choice 28. Location of a riot involving unemployed men and the RCMP in July, 1935: a. Vancouver b. Ottawa c. Toronto d. Regina

Chapter 4 Multiple Choice 29. The concept of equalization payments is: a. richer provinces should pay higher taxes b. use tax money of rich provinces to provide the same level of social services to all provinces c. the federal government should support poorer provinces d. none of these

Chapter 4 Multiple Choice 30. Which of the following ultimately ended the Depression? a. Liberal economic reforms in 1938 b. an economic union with the United States c. an Imperial economic union with Britain d. the outbreak of the Second World War