Class Notes (808,489)
Canada (493,250)
York University (33,530)
Management (455)
MGMT 1030 (164)
Lecture 5

Lecture 5--The Canadian Economy, 1890 to the Present.doc

7 Pages
Unlock Document

York University
MGMT 1030
Daniel Thompson

The Canadian Economy, 1890 to the Present MGMT 1030 Schulich School of Business Canada’s Second Industrial Revolution, 1890-1945 1)Continued Railway Expansion  Canadian Northern Railway  Chartered in 1899  Monopoly, expersive and not good  Expanded from a regional system of rail lines on the Prairies  Asked a lot of loans from the govt, but never paid back, so the govt took it nationalized  Railway business goes good because 1917 after ww2, huge demand and need transportation in wheats  Grand Trunk Pacific  Chartered in 1903  Merged with the Canadian Northern in 1920  Govt took this as well because of debt  Canadian railway mileage increased from 17,800 miles in 1900 to 40,000 miles in 1914  All major transcontinental railways experienced significant financial problems 2)The Prairie Wheat Boom  Prairie population increased from 250,000 in 1891 to 1.3 million in 1911  How did they attract people to develp the prairie, give away a lot of lands, to immigrants, but usually the immigrants are british, they ususally go to the city. The priraire were cold in the winter, britians cant survive on the prairie, they die or come to the city.  So the ideal immigrant, they want American farmers who can survive the cold, preferably from minniostea, but there is a shortage of them. So Eastern Europeans became an idea choice, most of them stayed, they are gonna teach them to be british  Dominion government granted 118 million acres of Prairie land before 1930  70% of these grants occurred between 1900 and 1914  Vast increase in farm production  1901—improved acreage of 5.6 million acres  1911—improved acreage of 23 million acres  Canada’s share of the international wheat trade increased from 4% in 1900 to 16% in 1913  New cultivation techniques and technical change allowed the Prairie wheat economy to flourish  But the proiraie is very undeveloped, the soil is good, but they cant get through the grass, because the grass is thick. However a technology comes and it cuts through the grass.  Marquis, another technology, a type of wheat that  So they provide the land, people, technology and everything  So there is a boom in the production of wheat Canada’s Second Industrial Revolution, 1890-1945 3)Resources and Manufacturing nd  High tariffs marked Canada’s 2 IR  Average duty of 23% in 1879, 32% in 1891, and 27% in 1903  Because the Canada cant compete with US. So all the Canadain business are basically being subsidized.  Reciprocity Treaty with the United states rejected in 1911  Iron and steel, wood, food and beverages, and clothing accounted for 60% of Canada’s GDP in 1910  Forestry Products  Lumber exports increased from $25 million in 1897 to $33 million in 1913  Wood pulp output increased from 363,000 tons in 1908 to 855,000 tons in 1913  Iron and Steel  Four large steel companies in Nova Scotia and Ontario by 1913  Agricultural Implements  221 firms produced $7.5 million in implements in 1891; 88 firms produced $20.7 million in implements in 1910  Massey-Harris Company formed in 1891  Minerals and Refining  Fuels output rose from $4.4 million in 1886 to $41 million in 1913  Gold indu
More Less

Related notes for MGMT 1030

Log In


Don't have an account?

Join OneClass

Access over 10 million pages of study
documents for 1.3 million courses.

Sign up

Join to view


By registering, I agree to the Terms and Privacy Policies
Already have an account?
Just a few more details

So we can recommend you notes for your school.

Reset Password

Please enter below the email address you registered with and we will send you a link to reset your password.

Add your courses

Get notes from the top students in your class.