EOCONOMICS: HUNTERS AND HIGH FINANCE
Sharing was always essential for Inuit survival and was defined by rules. These included alliances, hunting partnerships, strategic marriages, and even trade relationships from one region to the next. Every year, the whale hunt grew larger, bringing a seasonal influx of whalers from as far as America and Europe. New whalers from new regions brought with them new items for trade-objects like guns, bullets, tea and cloth. It also brought a new sense of dependence for the Inuit people.
Almost half of the Nunavut population is comprised of youth under the age of 20. Unemployment is high and reaches to 60 percent in some communities. With the rise of unemployment comes a rise in disillusionment, suicide and substance abuse. The future of Nunavut, however, is not entirely bleak. With increased leadership and partnerships between Inuit and non-Inuit, the economy is growing. Combining traditional skills and values of the Inuit with the energy of newcomers, growth is being encouraged in every sector of the economy.
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