HIS263Y1 Lecture : society, politics, and economies to the 1840s
Document Summary
The atlantic colonies to the mid-nineteenth century: the maritime colonies, nova scotia, new brunswick, and p. e. i, agriculture: fertile regions became occupied by loyalists in nova scotia. Difficult to make a living on infertile land. So difficult was their existence, that many moved west into new brunswick, and south to new england. Economic growth: stable fueled economies: timber, banking, railways, codfish, coal, etc, economic development differed depending on region. Timber: plentiful in new brunswick; wood to build ships for britain. Britian"s lumberyard, as the brits heavily relied on new brunswick. By 1860"s forest products, made up 2/3 of new brunswick"s exports. There are implications for the entire regions economy. It was necessary to transport these trees overseas to gb. Timber merchants realized that they could limit their costs, thus maximizing their profits by building their own ships. These vessels are made cheaply in comparison to iron steamers. Econommy of scale" decrease of wood ships.
