Geo 793 Final exam with correct answers
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Gentrification - CORRECT ANSWERS ✔✔Revitalization of low-income || || || || || || ||
neighborhoods, widespread in North America. || || || || ||
In toronto saw: Upgrading from individual housing to now construction of
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condo towers ||
From inner city to neighborhoods located beyond the immediate core
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From renovating becoming an individual initiative to a process involving
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larger developers and state support
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From a residential to a commercial process
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Distillery District, Leslieville, Liberty Village and The Junction examples
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Pros of Gentrification - CORRECT ANSWERS ✔✔1. Aesthetically appealing
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neighborhood 2. Increased public safety 3. Increasing land values 4. Decreased
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crime rates 5. Decreasing urban sprawl 6. More food, retail, and job options
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Cons of Gentrification - CORRECT ANSWERS ✔✔1. Decrease in affordable
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housing 2. Decrease in affordable retail spaces 3. Increased policing of
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communities of color 4. Changes in neighborhood culture 5. Removal of low-
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income residents 6. Increasing tensions within the community
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Financialization - CORRECT ANSWERS ✔✔Finance sector dominance || || || || || || ||
determining economy's status || ||
, Financialization of Rental Housing Market - CORRECT ANSWERS || || || || || || || ||
✔✔Housing as a financial asset, not just shelter
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Saw intensification through upgrading and squeezing post-recession
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Toronto as a Case Study for Financialization - CORRECT ANSWERS
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✔✔Highly gentrified city, Canada's financial center, large rental sector
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Apartment Construction Boom - CORRECT ANSWERS ✔✔1950-1970, caused
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by pop. growth, and tech advancements post ww2
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Social Housing - CORRECT ANSWERS ✔✔1990s, Upper levels of gov.
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stopped financing this all of a sudden, leaving overbearing burden on
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municipalities
impact of condo boom - CORRECT ANSWERS ✔✔Existing businesses and
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services that cater to lower income residents are being displaced. A lot more
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people want to eat vegan or organic, or buy new, and those make more money
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too.
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Neoliberalism - CORRECT ANSWERS ✔✔Focuses on personal responsibility,
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deregulation, privatization, liberalization of markets, downsizing of
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governments
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Gentrification - CORRECT ANSWERS ✔✔Revitalization of low-income || || || || || || ||
neighborhoods, widespread in North America. || || || || ||
In toronto saw: Upgrading from individual housing to now construction of
|| || || || || || || || || || ||
condo towers ||
From inner city to neighborhoods located beyond the immediate core
|| || || || || || || || ||
From renovating becoming an individual initiative to a process involving
|| || || || || || || || || ||
larger developers and state support
|| || || ||
From a residential to a commercial process
|| || || || || ||
Distillery District, Leslieville, Liberty Village and The Junction examples
|| || || || || || || ||
Pros of Gentrification - CORRECT ANSWERS ✔✔1. Aesthetically appealing
|| || || || || || || || ||
neighborhood 2. Increased public safety 3. Increasing land values 4. Decreased
|| || || || || || || || || ||
crime rates 5. Decreasing urban sprawl 6. More food, retail, and job options
|| || || || || || || || || || || || ||
Cons of Gentrification - CORRECT ANSWERS ✔✔1. Decrease in affordable
|| || || || || || || || || ||
housing 2. Decrease in affordable retail spaces 3. Increased policing of
|| || || || || || || || || || ||
communities of color 4. Changes in neighborhood culture 5. Removal of low-
|| || || || || || || || || || ||
income residents 6. Increasing tensions within the community
|| || || || || || ||
Financialization - CORRECT ANSWERS ✔✔Finance sector dominance || || || || || || ||
determining economy's status || ||
, Financialization of Rental Housing Market - CORRECT ANSWERS || || || || || || || ||
✔✔Housing as a financial asset, not just shelter
|| || || || || || ||
Saw intensification through upgrading and squeezing post-recession
|| || || || || ||
Toronto as a Case Study for Financialization - CORRECT ANSWERS
|| || || || || || || || || ||
✔✔Highly gentrified city, Canada's financial center, large rental sector
|| || || || || || || ||
Apartment Construction Boom - CORRECT ANSWERS ✔✔1950-1970, caused
|| || || || || || ||
by pop. growth, and tech advancements post ww2
|| || || || || || || ||
Social Housing - CORRECT ANSWERS ✔✔1990s, Upper levels of gov.
|| || || || || || || || || ||
stopped financing this all of a sudden, leaving overbearing burden on
|| || || || || || || || || || ||
municipalities
impact of condo boom - CORRECT ANSWERS ✔✔Existing businesses and
|| || || || || || || || || ||
services that cater to lower income residents are being displaced. A lot more
|| || || || || || || || || || || || ||
people want to eat vegan or organic, or buy new, and those make more money
|| || || || || || || || || || || || || ||
too.
||
Neoliberalism - CORRECT ANSWERS ✔✔Focuses on personal responsibility,
|| || || || || || || ||
deregulation, privatization, liberalization of markets, downsizing of
|| || || || || || ||
governments
