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History 2125F/G Lecture Notes - Mercantilism, Agulhas Bank, Intellectual History

Course Code
HIS 2125F/G
Peter Krats

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Lecture 1
Emergence of the colonial economy in the 16 th
Points for Lecture:
Staple Theory
Staples Beginnings – Raw Materials
Staples Notion:
Beginning in Canada in the 1930s
Until the 1920 Canadian scholars didn’t look at Canada’s past
Was part of the British empire
Coming out of WW1 there is a surge of nationalism
oGroup of 7 paintings
Harold Ennis –
Most important thinker in Canada at the time
oIntellectual history
oEconomic historian
oPolitical economist
oBegins to study – writes on fur trade
oCod fishery
Staples Trap
Had become dependent on people wanting to buy domestic commodities
Sell low and buy finished goods high
Ennis argued that working the economy this way put Canada in a trap
He argues what happens when the resources run out
**Reliance on outside unpredictability**
No incentives for local developments
First Nations Settings
“Business” but on a differing set of bases
Their our economies like the Fur trade – plenty experience in economies –
at least has to be stated
European Setting:
Europeans spend the better half of the last 1000 years putting together
national states
Rise of the merchant class
Emergence of Capitalism
Capitalism is man made
Their our no natural economic forces
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