MGMT 1030 Lecture Notes - Lecture 5: Refinancing, Pierre Trudeau, Imperial Munitions Board

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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. Railway business goes good because 1917 after ww2, huge demand and need nationalized transportation in wheats. 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. All major transcontinental railways experienced significant financial problems. 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.

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