Hart masseys final years first wish was to secure a

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Hart Massey’s final years First wish was to secure a rebate on the tariffs his firm had been paying under the national policy for steel parts imported from the us that was used to make Massey
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equipment for export(achieved when negotiated a deal with Ottawa to receive 99% rebate on the tariff paid on US materials used to make machines for exports) Second was to launch a us Massey-Harris branch plant so it could allow the company to bypass the us tariff walls and enter the America market when us competitors who were small compare to Massey-Harris and the farm-implement industry still not having entered the consolidation phase in US(however, Hart’s death delayed the US expansion and consolidation was already well under way when they entered) Conclusion Hart created the first Canadian company to build on international brand name for itself based on manufacturing and design expertise Week 4 Part1 Wars, Depressions, and dynamic Growth Introduction (early in 20s century) Public policy intrusive in public utilities field which were previously thought of as preserves of the private sector. Canada became one of the richest nations in the world(GDP/capita) Since government had to cope with both wars and depressions, they require more revenue Led to ‘ temporary income tax ’ which was used to provide Canadians with a ‘ social-safety net’ not only to fight wars Public policies also had a welcoming attitude toward foreign investment b/c of Canada’s healthy financial system The great depression led to creation of Bank of Canada - an entity that served in its early days more a financial advisor to the federal government than as a decider of monetary policy During the great depression Toronto exchange surpassed the Montreal exchange and became the major exchange in Canada. The greatest transformation in Canada’s economy came through the rise of manufacturing and arrival of oil powered internal compassion engine as the automobile replaced the steam-powered train Public policy Government at both provincial and municipal level had intervened in what had been privately held, investor owned operations, specifically in areas of electrical and telephone utilities.
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Crown corporations (theory of the crown corporation is that it frees an enterprise from the inefficiencies of operating within a government department by permitting it to be run at arm’s length and in a more businesslike fashion) This was the beginning of the movement of government into what had been an investor owned sector, electrical public utilities Next most notable move by the provincial government was move into liquor business(liquor control commission) At Federal level, the government of Canada first major crown corporation was Canadian northern railway(CNR) Trade and investment Prime Minister Wilfrid Laurier obtained a treaty from Washington but was shortly defeated by Conservatives Federal budget brought in Canadian content requirements of domestic car production and introduced low tariff which resulted in modestly lower domestic auto prices.(cheaper
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