MGMT 1030 Lecture Notes - Lecture 35: John Molson, The Maritimes, Mercantilism
9 May 2018
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Department
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MGMT 1030
Lecture 35
1) Wheat in Upper Canada
➢ Upper Canada sparsely populated after the American Revolution
➢ Distance to export markets prevented the early growth of a wheat
economy
➢ People began cutting down trees in order to create a better
environment to harvest wheat
➢ Population increased to 80,000 by 1817
➢ Two factors spurred growth of wheat in Upper Canada
➢ Demand in British market and in Lower Canada
➢ Transportation improvements such as the Welland Canal
➢ Large increase in exports of wheat
➢ 219,000 bushels exported in 1817
➢ 5.7 million bushels exported in 1847
➢ 11.1 million bushels exported in 1860
➢ Ontario wheat economy declined in 1880s as farmers diversified
1) The End of Mercantilism
➢ Britain is the leading the world as the industrial powerhouse, US is a
close second
➢ British dismantled duty system during the 1840s, ending preferential
colonial access for Canadian products
➢ Britain began to remove tariffs on imports, importing goods from
countries which provided cheap goods
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Document Summary
Upper canada sparsely populated after the american revolution. Distance to export markets prevented the early growth of a wheat economy. People began cutting down trees in order to create a better environment to harvest wheat. Two factors spurred growth of wheat in upper canada. Demand in british market and in lower canada. Transportation improvements such as the welland canal. Ontario wheat economy declined in 1880s as farmers diversified: the end of mercantilism. Britain is the leading the world as the industrial powerhouse, us is a close second. British dismantled duty system during the 1840s, ending preferential colonial access for canadian products. Britain began to remove tariffs on imports, importing goods from countries which provided cheap goods. Canadian timber, agricultural, and shipbuilding sectors survived and prospered before 1870. 1854 reciprocity treaty marked the growth of north-south trade relations with the. Exports to us increased from . 6 million in 1854 to . 8 million in.
