Lecture 1 - Staple Production
Draw of the New World (the Americas)
-Gold - new economic opportunities
-God - ﬁnd God, missionaries to convert large amounts
-Glory - large numbers came over for military purposes (major wars -> Mexico)
-Dominates Early Economy
-Harold Innis = Classic Deﬁnition!
- “Business of extracting or acquiring resource commodities in order to sell them to an
-The nature of staples change over time
-Early staples in Canada: ﬁsh, fur
-Staples are the biggest engine of the economy, where most of the money and investment
tends to come from
-Fish = Grand Banks - enormous amounts of ﬁsh
-People from Europe (Portugal, Holland) coming to the Grand Banks to ﬁsh
-Migratory ﬁshery - many boats came for the Spring, no shortage of people willing to do it
-Residential ﬁshery - starts with place holding
-Settlements begin to emerge around the coast of Newfoundland
-Develops into Nﬂd. Fishery (Outport ﬁsheries - focused entirely on the water)
-eg. Portugal Cove
Life in Residential Fishery
-“Life is on the Water”
-Structural Disadvantages !
- Fish prices - little knowledge on the prices of product selling!
- Debt - loans taken out to start ﬁshing companies
-Isolation - difﬁcult and expensive to get groceries or any other goods
-Distinct Culture - accents
-Truly Unique Trade
-Product: Beaver fur hats, luxury item, high demand in Europeans
-Unites two different groups of people to come together in the trade!
- Europeans and Aboriginals
-Commerce and Interchange Between Peoples