SOC207H1 Lecture Notes - Lecture 2: M.O.P., Wage Labour, Unfree Labour
Document Summary
Canada was mostly based on mining and agriculture, late to industrialization. At the time was a colonial property of great britain, our job was to export materials to britain so they could produce finished products: stunted out entrepreneurship as we were dependent on england. Canada didn"t have a currency until 1858: used british coins before, spanish dollar, british controlled canadian pound didn"t work very well, us currency to buy and trade with. Us companies began relocating and building plants in canada. Late 1850s canada began producing its own currency. Trade barriers: tax on american good being brought into canada. Solution: build companies in canada so they could avoid tariffs. Canada"s industrialization delayed due to colonial status and currency. Us investment in canada in many way jumpstarted our industrialization. Social and political transformations taking place under industrial capitalism in the 19th century and early 20th century was enormous.
