MGMT 1030 Lecture Notes - Lecture 5: Second Industrial Revolution, Industrial Revolution, Blue-Collar Worker

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20 Jul 2016
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Craig Heron’s “The Second Industrial Revolution in
Canada, 1890-1930”
Important features of the Canadian Economy at the end of the First industrial Revolution:
Beer, pork, class, furniture, cutlery, carriages and wagons, and lamps are a few of the
varity of products that were being manufactured
Opportunities were available to the pioneering industrialists and they almost all of the
home market
They were successfully able to have high tariffs around the manufacturing sector
Their strategy for industrial growth had been first and foremost to supply consumer
goods to a large agrarian hinterland
There was also a driving force behind most of this industrial development had the
individual entrepreneur, his family, and his short-term partners strongly rooted in a single
town or city
Wealthier capitalists were controlling more of the country’s trade and finance from
metropolitan centres such as Montreal, Toronto, Halifax, and Saint John
There were many local merchants and bankers also helped promote industrial
development in their own communicates
The result of this entrepreneurship before 1890 had been dispersed throughout the
Maritime and central Canadian provinces which served regional markets of rural and
urban consumers and expanding to the transportation sector
In the first phase of industrialization there was little specialization in the urban
development.
Nature of the Second Industrial Revolution
Steam power had also transformed many industries.
Many industries moved a few steps away from handicraft production and manual labour,
however both skilled and unskilled was still heavily demanded.
There were organised craftsmen in the new craft unions in the late 19th century
Commercial agriculture had expanded
Lumbering had replaced timber production as the major forest industry
Coal mining had developed, and many oil gushing companies had emerged
Patterns of entrepreneurial ownership and limited technological development were
nonetheless quite similar to those in manufacturing
Emergence of large corporations as the driving force of the industrial capitalist economy
in Canada
By the 1920’s Canadian banks and other financial institutions had been reduced to a mere
handful of extremely powerful corporate competitors
Large new corporations dominated several product markets
There was a new corporate economy that was tightly knit with new national capitalist
class that was responsible for pulling together a new, more integrated economy.
Maritime Provinces lost in this process since many of their entrepreneurs entered the
mergers and allowed the regions’ plants to be closed down in preference to those in
central Canada.
Many new American manufacturing companies began to open up in central Canada
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