History 2125F/G Lecture Notes - Lecture 4: Henry Pellatt, Time And Motion Study, Scientific Management

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Industrial toronto: trade, canada"s number 2 city, national policy at work, half of all manufacturing in ontario, montreal and toronto dominating finance, rest of country has very few banks and very small. Mercantilism: west digs it up east produces it and sends it back. Corporations as citizens: limited liability and joint stock ownership i. e. protect the investor normalized, corporations have rights as citizens, protection of property, broader legal protections. In short, corporations gain the rights of an individual. Managed firm : someone is running the firm for the benefit of the shareholders, efficiently and scientifically, all kinds of ramifications, have to have bureaucratic in the company, more paperwork, more clerical staff. Idea that you can make things more efficient. British columbia: big trees, some poor living conditions. Mines: mond mines 1915, by now mining has been going on since 1880s for 30 years, no safety equipment, coal miners stellerton n. s 1905 & 1912.

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