MGMT 1030 Lecture 8: Lecture 8--The Role of Government in Canadian Business History-1
20 Jul 2016
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American revolution and napoleonic wars stimulated british demand for colonial timber. Traditional sources of british timber were the baltic sea nations. High cost of trans-atlantic transport made north american timber uncompetitive. Most baltic ports closed to british ships after 1805. 1809 tariff of 27 shillings per load of baltic timber; tariff of 2 shillings per load of british colonial timber. 1821 tariff of 55 shillings per load of baltic timber; tariff of 10 shillings per load of british colonial timber. Timber exports from new brunswick exploded as a result of these preferences. New brunswick timber exports to britain increased from 5,000 tons in 1805 to 420,000 tons in 1825. 82% of all exports from new brunswick were forestry-related in 1853. British timber markets gradually replaced by american timber markets after colonial preferences removed in the 1840s. Federal government secured 60% of its revenue from tariffs between 1867 and.
