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History 2125F/G
Peter Krats

Nothern Enterprise: Canadian Business & Labour History The state is always involved in the economy Stevenson Hall 2123 or [email protected] G.D. Taylor - The Rise of Canadian Business Craig Heron - The Canadian Labour Movement (3 Edition) Points to Ponder: Staples Theory Mercantilism Staples (natural resources, raw materials) Beginnings - Fish - Furs Beyond Staples Beginnings Canada has thought about natural resources economies more than most other nations Queens and Toronto were the major universities in Canada (they were still really small) Canadian economy emerged because we shipped raw materials to different countries Natural resources aren’t evenly distributed Canada was unstable and underdeveloped Someone had to buy the Canadian goods… eventually turns from Europeans to Americans buying our stuff Canada is an undeveloped low value economy (it works because we don’t have a lot of people but we do have a lot of resources). Staples critics say that this economy had to go this way…. Staples Trap: Narrow Economies (controlled from somewhere else) they lack local control - Reliance on Outside (Unpredictability) - No incentives for Local Development First Nations Settings - Some were sophisticated and some were at least on par with the Europeans - They knew were the resources were, and the first nations do not do badly for the beginning of European settlement (until the European idea took over) European Settings Mercantilist Model (England, Portugal, Spain, Holland, etc) - They go to look for colonies Cod Fishing was Canada’s first product and market – First Staple Second Staple: Fur Mercantilism Notwithstanding the Flag 1791: Still upper and lower Canada, and Hudson Bay Co. Territory, Rupert’s Land, St. Johns Island (now PEI) Layers of Separate Economies - Mercantilist: Fur and the Fish are being exported - Colonial: T
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