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The Canadian Economy.docx

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Department
History
Course
History 1803E
Professor
Jeffery Vacante
Semester
Fall

Description
The Canadian Economy 10/30/2012 8:32:00 AM Problem with the banking system Not a system to promote investment of an indigenous entrepreneurial class Even if company grows Canada will sell its big company to foreign buyers No enough rich people to buy these companies Canada only rich because of natural resources oil, pot ash, forestry Investments in natural resources Banks, government, people investing and creating policy in natural resources US funding entrepreneurial spirit and infrastructure to allow for growth. As Britain moves away from mercantilism it becomes politically disengaged from Canada Britain following Adam Smiths views for free trade repealed the Corn Laws and Navigation Acts and embraced free trade. While Britain retained its connections to Canada following the rebellions of 1837, ignoring Lord Durham’s call for greater local government. In 1840’s Britain moves on and loses interest in Canadian politics. Canadian merchants look to alternative markets like USA after Canadian protected market is lost with the ending of mercantilism. Canada however needed a solution at home
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