MGMT 1030 Lecture Notes - Lecture 10: Investment Canada, Gilded Age, Royal Securities Corporation
20 Jul 2016
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Document Summary
Outline of gregory marchildon, max aitken and the nature of finance capitalism during the laurier boom , in marchildon, profits and politics: beaverbrook and the. Gilded age of canadian finance (university of toronto press 1996): 3-15. Max aitken, one of canada"s most famous and successful finance capitalists, has been viewed in a negative light by historians and his contemporaries; marchildon seeks to emphasize the positive contributions aitken made to canadian economic prosperity. Aitken"s primary claim to fame was his engineering of the large mergers of three major industries, with the canada cement company alone controlling 95% of the. Marchildon notes that this was a widely accepted practice of the time. Marchildon points to two main areas where aitken proved to be enormously successful in promoting the economic development of canada: 1)the laurier boom. Between 1896 and 1913, canada led the world in economic growth.
