Unformatted text preview: To make it commercially feasible, production entailed heavy public expenditures on railways and canals. The government filled an important vacuum by being the substitute for private enterprise in the building and developing Canada. Innis maintains that this two-way trade had significant effects. The colony put its energies into producing staples while the mother country manufactured finished products. Thus, the staples trade promoted industrial development in Europe, while the colony remained tied to the production of raw materials...
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- Fall '09
- International Trade, staples cod fish