HIST 2500 Lecture Notes - Lecture 4: Stelco, Capital Good, Toronto Street Railway
Document Summary
Access to the coal allowed them to make steel and iron and become one of the country"s earliest places of this production. Also, the problem was the coal- their coal had a lower energy. Canadian government was convinced to drop the tariffs on coal and america- Ontario"s industrial revolution, 1867-1914: consumer goods, capital goods & consumer-durables, 1870-1890: led by consumer goods production, 1900-1910: led by capital goods & consumer-durables production. Ontario"s major large corporations by 1914: massey-harris, canadian general electric, ford of canada, general motors of canada, steel company of canada (stelco, canadian westinghouse, canadian cottons, canadian cycle and motor (ccm, dominion textiles. What led to corporate consolidation: railway improvements, access to coal from pennsylvania, access to more domestic and foreign capital more access to foreign capital. Mergers between companies makes labour cheaper- less competition: urbanization , poor anti-combination laws prohibit large companies from getting bigger. Instead quebec was, and followed by nova scotia.
