Lecture 4--The Canadian Economy to 1890

Lecture 4--The Canadian Economy to 1890 - The Staples...

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The Staples Economy and the First Industrial Revolution in Canada MGMT 1030 Schulich School of Business
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Staples and the Early Economy of Canada 1)The Staples Thesis Originated by W.A. Mackintosh in 1923 Developed by Harold Adams Innis The Fur Trade in Canada (1930) The Cod Fisheries (1942) Canadian economic history dominated by exploitation of natural resources in an export-driven economy Fish, furs, timber, wheat Economic growth dependent on demand for staples abroad Long-term effect of staples dependent on linkages Backward, forward, lateral, final demand 2)Timeline of Pre-Confederation Canadian History John Cabot (England) explores Atlantic Coast (1497) Jacques Cartier (France) explores Gulf of St. Lawrence (1530s and 1540s) New France founded by Samuel de Champlain (1608) New France conquered by England (1759) American Revolution (1775-1783) Upper and Lower Canada formed (1791) Confederation of the Canadian British colonies (1867)
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Staples and the Early Economy of Canada 3)Cod and Newfoundland Two types of fishery Offshore on the Grand Banks Inshore along the coast All European powers fished the Grand Banks in 16 th century England and France dominated the cod fishery by 1600 Highly seasonal and migratory industry Gradual settlement on Newfoundland 1200 permanent residents by 1700 12,000 permanent residents by 1775 Cod fishery eventually became a residential activity 1730—residents accounted for 20% of catch 1830—residents accounted for 90% of catch Massive increase in catch 100,000 quintals in 1750
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