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