MGMT 1030 Lecture Notes - Lecture 12: Barter, Responsible Government, Mercantilism
8 May 2018
School
Department
Course
Professor
MGMT 1030
Lecture 12
The Entrepreneur in Canadian Business History
Entrepreneurism
- Acting on opportunities in society and taking risks; being innovative;
having access to resources ($)
- Examples: Bill Gates, Steve Jobs, Richard Branson
Economic Climate of New France
- New France ceded Quebec to Britain in 1763
- French colonies dependant on the fur trade and farming (seigniorial
system prevalent)
- Limited population base and rigid administrative structure (mercantile
system benefited France)
Entrepreneurial Activity: Francois-Etienne Cugnet (1688-1751)
- Director of Domaine d’Occident controlling imports and exports
- Wide interest in small commercial ventures (tobacco exports, buffalo
domestication, glue manufacturing)
- Small colonial economy and government connections allowed Cugnet
to succeed
Entrepreneurship during the First Industrial Revolution
Economic Climate of Upper Canada (Canada West), 1841-1867
- Rapid period of growth (population increases)
find more resources at oneclass.com
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Document Summary
Acting on opportunities in society and taking risks; being innovative; having access to resources ($) Examples: bill gates, steve jobs, richard branson. New france ceded quebec to britain in 1763. French colonies dependant on the fur trade and farming (seigniorial system prevalent) Limited population base and rigid administrative structure (mercantile system benefited france) Director of domaine d"occident controlling imports and exports. Wide interest in small commercial ventures (tobacco exports, buffalo domestication, glue manufacturing) Small colonial economy and government connections allowed cugnet to succeed. Economic climate of upper canada (canada west), 1841-1867. Responsible government began to control economic policy (intimately connected to business community) Legislation favoured railway development: guarantee act (1849) & municipal loan fund (1852) Arrived from pennsylvania and established himself as a contractor on the welland canal. Developed political connections and received contracts for constructing other railroads using unethical bribes. Dominated railway promotion and construction relying extensively on public money (accumulated land through barter system)
