MGMT 1030 Lecture Notes - Lecture 7: Second Industrial Revolution, Intercolonial Railway, John Molson
MGMT 1030
Lecture 7
First Industrial Revolution (Canada)
- Early Industrialization
- Very uneven before the 1870s
- A lot of cottage and rural industries
- Most finished/luxury products were still imported
- Canada’s business elite were commercial and capitalist before they
became involved in industrial activities (John Molson, Hart Massey)
- Railways provided the early impetus for industrial growth
- Employed thousands
- Complex financial and management structures
- Innovation, multiplier effect, quality control systems, accounting
systems
- Population growth was not on the same scale as US and UK
- Political Integration
- Reasons for Confederation:
- Prevent US from taking over the West
- Financial stability/credibility
- Maritimes wanted railway connections
- End of Reciprocity Treaty
- American Civil War
- MacDonald created strong federal regulated trade, commerce,
currency, banking government ()
- HBC Territory ceded to Canada without permission from natives
- Railway Expansion
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Document Summary
A lot of cottage and rural industries. Canada"s business elite were commercial and capitalist before they became involved in industrial activities (john molson, hart massey) Railways provided the early impetus for industrial growth. Innovation, multiplier effect, quality control systems, accounting systems. Population growth was not on the same scale as us and uk. Prevent us from taking over the west. Macdonald created strong federal regulated trade, commerce, currency, banking government () Hbc territory ceded to canada without permission from natives. Riel rebellion demanded rail link for military. Tried to set up gov"t because current gov"t was trying to take their land. Troops couldn"t get out to winnipeg b/c of insufficient transportation options. 1870s to 1890s were suppressed years for canada. Attempt to generate economic development b/c they lost trade with. Railways to help claim land in the west. Immigration to settle mostly farmers in canada to start the wheat industry. Canadian northern railway merged with grand trunk pacific in 1920.