History 2120A/B Lecture Notes - Lecture 4: Agribusiness, Dawson City, Proletariat
Document Summary
Bank act: how federal government brings financial control over colony. 1931 statute of westminster created some steps of sovereignty. New government controls currency: colony currencies removed from circulation as federal government creates a singular currency, different from us banks each bank was independent, no national connections which created weak banks and led to failures. Continues and expands centralized banking (few firms, many branches) Key 1st step seize lands from first nations and metis: also purchase rupert"s land from the hudson"s bay company, numbered treaties (1870s-1920s) Rail close the eastern gap : act ensured a railway was built eastward the railway connection of halifax and st. Cp gets m (nearly entire annual federal budget) Rails were links provide transportation to what would become vancouver: vancouver grows rapidly, outpacing winnipeg by the turn of 20th century. Private sector from winnipeg to pr, government pays for kenora to quebec.