Study Guides (258,771)
CA (125,000)
UTSG (8,541)
ECO (570)
ECO100Y1 (111)
Rostn (1)

Lect 7

4 Pages
120 Views

Department
Economics
Course Code
ECO100Y1
Professor
Rostn

This preview shows page 1. Sign up to view the full 4 pages of the document.
Class 11—Canadian Economic History
November 30th 2010
You will recall that the last of the staples was the timber. Timber was looked upon as a good entre into
the British market. Under the mercantilist arrangement, colonies had special privileges with the
mother countries; goods were allowed in England cheaper without tariffs from the colonies, making
Brits more likely to buy colonys goods, as long as tariffs from non colonies were imposed. All
around the great lakes there were American towns and if they could get timber to Montreal they could
send timber to London and receive special privileges too.
England pulled the plug after the industrial revolution. They imposed free trade to fuel factories and
machines. Factories of 200 people which they thought it would be the future. They figured if it was that
cheap they could undercut most other markets like in India where cloth was made by hand. The machine
made british textiles were much cheaper than Indian textiles or other goods. New factories were expensive
as well as the houses in the new factory towns like leeds and Manchester. These factories required large
investments and you must ensure raw materials and labour are readily available and cheap. You must
provide cheap food and cheap housing to ensure cheap labour supply. Britain said they are buying from
the cheapest sources and the colonies must compete the rest of the world. The whole Canadian scheme fell
flat. Canadians felt rejected and despondent, demoralized, depressed. What would they do next since their
dependence on England was keystone of strategy.
This illustrates problem with staples production. Countries that specialize in 1 or 2 raw materials, they
must rely on export markets. Staple export countries are dependent countries. They are in the power of
larger countries that import their staples. This illustrates a dependence of these countries on other
countries.
In the 1860s, Britain was sensitive to the notion it caused an upheaval in Canada. It send trouble shooter to
the United States lord Elgin. Concluded that free trade agreement with the United States would help
Canada. Elgin convinced US to adopt free trade agreement, reciprocity treaty. Agreed to have free trade in
resources (staples). When you look back at the results/statistics, it was not clear. If you are in the
American Midwest and you want to shift stuff to New York you must cross Canadian territory. Where they
trading more or just shipping more? It probably didnt. Led to further disappointment. Their were other
political and economic troubles.
In BC, a group of merchants in 1849, (Vancouver merchants who traded with San Francisco) crated a
partition ot join the United States. Trade was also North South in Ontario with New York, and in
Manitoba with states like Minnesota. There was stalement in the politics of Quebec and Ontario. Quebec
and Ontario were made into one political entitiy after the durham report and any legislation had to pass
majority in both houses of parliament. Ontario and Quebec had not much use for each other. Ontario was
keen to developing canal system and was looking for funds to develop business. Quebec looked down on
this, they wanted to be devout and develop religious commitments and wanted to spread society over area
of quebec that hadnt been settled and developed self sufficient agriculture. Ontario and Quebec were tied
together but stuck in a stalemate. Very little got passed. The prime minister at the time was John A
McDonald. He considered father of confederation. He had a realistic sense of why it wasnt working and
what needed to be done. He wanted to get over the stalemate and make sure these territories that were
sparsly inhabited (praries, rockies)he was afraid like other people were that unless Canadians lived
there, Americans would take it over. The republican candidate in 1840 ran his presidential campaign, 54,
4o or fight. This parallel is Alaskan border. Wanted to connect Alaska with Canada. Britain knew that
1
www.notesolution.com

Loved by over 2.2 million students

Over 90% improved by at least one letter grade.

Leah — University of Toronto

OneClass has been such a huge help in my studies at UofT especially since I am a transfer student. OneClass is the study buddy I never had before and definitely gives me the extra push to get from a B to an A!

Leah — University of Toronto
Saarim — University of Michigan

Balancing social life With academics can be difficult, that is why I'm so glad that OneClass is out there where I can find the top notes for all of my classes. Now I can be the all-star student I want to be.

Saarim — University of Michigan
Jenna — University of Wisconsin

As a college student living on a college budget, I love how easy it is to earn gift cards just by submitting my notes.

Jenna — University of Wisconsin
Anne — University of California

OneClass has allowed me to catch up with my most difficult course! #lifesaver

Anne — University of California
Description
Class 11Canadian Economic History th November 30 2010 You will recall that the last of the staples was the timber. Timber was looked upon as a good entre into the British market. Under the mercantilist arrangement, colonies had special privileges with the mother countries; goods were allowed in England cheaper without tariffs from the colonies, making Brits more likely to buy colonys goods, as long as tariffs from non colonies were imposed. All around the great lakes there were American towns and if they could get timber to Montreal they could send timber to London and receive special privileges too. England pulled the plug after the industrial revolution. They imposed free trade to fuel factories and machines. Factories of 200 people which they thought it would be the future. They figured if it was that cheap they could undercut most other markets like in India where cloth was made by hand. The machine made british textiles were much cheaper than Indian textiles or other goods. New factories were expensive as well as the houses in the new factory towns like leeds and Manchester. These factories required large investments and you must ensure raw materials and labour are readily available and cheap. You must provide cheap food and cheap housing to ensure cheap labour supply. Britain said they are buying from the cheapest sources and the colonies must compete the rest of the world. The whole Canadian scheme fell flat. Canadians felt rejected and despondent, demoralized, depressed. What would they do next since their dependence on England was keystone of strategy. This illustrates problem with staples production. Countries that specialize in 1 or 2 raw materials, they must rely on export markets. Staple export countries are dependent countries. They are in the power of larger countries that import their staples. This illustrates a dependence of these countries on other countries. In the 1860s, Britain was sensitive to the notion it caused an upheaval in Canada. It send trouble shooter to the United States lord Elgin. Concluded that free trade agreement with the United States would help Canada. Elgin convinced US to adopt free trade agreement, reciprocity treaty. Agreed to have free trade in resources (staples). When you look back at the resultsstatistics, it was not clear. If you are in the American Midwest and you want to shift stuff to New York you must cross Canadian territory. Where they trading more or just shipping more? It probably didnt. Led to further disappointment. Their were other political and economic troubles. In BC, a group of merchants in 1849, (Vancouver merchants who traded with San Francisco) crated a partition ot join the United States. Trade was also North South in Ontario with New York, and in Manitoba with states like Minnesota. There was stalement in the politics of Quebec and Ontario. Quebec and Ontario were made into one political entitiy after the durham report and any legislation had to pass majority in both houses of parliament. Ontario and Quebec had not much use for each other. Ontario was keen to developing canal system and was looking for funds to develop business. Quebec looked down on this, they wanted to be devout and develop religious commitments and wanted to spread society over area of quebec that hadnt been settled and developed self sufficient agriculture. Ontario and Quebec were tied together but stuck in a stalemate. Very little got passed. The prime minister at the time was John A McDonald. He considered father of confederation. He had a realistic sense of why it wasnt working and what needed to be done. He wanted to get over the stalemate and make sure these territories that were sparsly inhabited (praries, rockies) he was afraid like other people were that unless Canadians lived there, Americans would take it over. The republican candidate in 1840 ran his presidential campaign, 54, 4o or fight. This parallel is Alaskan border. Wanted to connect Alaska with Canada. Britain knew that 1 www.notesolution.com
More Less
Unlock Document


Only page 1 are available for preview. Some parts have been intentionally blurred.

Unlock Document
You're Reading a Preview

Unlock to view full version

Unlock Document

Log In


OR

Don't have an account?

Join OneClass

Access over 10 million pages of study
documents for 1.3 million courses.

Sign up

Join to view


OR

By registering, I agree to the Terms and Privacy Policies
Already have an account?
Just a few more details

So we can recommend you notes for your school.

Reset Password

Please enter below the email address you registered with and we will send you a link to reset your password.

Add your courses

Get notes from the top students in your class.


Submit