ADMS 1010 : ADMS 1010 Relentless Change - All cases in one
17 Oct 2013
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Document Summary
After world war 2, economic reconstruction was market by the creation of the imf and the world bank. Emergence of consumer credit and widespread home ownership that made regulation of banking system modified. 1759-1763 no financial system before the passing of power from france to britain. There was a large supply of paper currency in circulation in lower canada, issued by the french government. Farmers kept their savings in specie which consisted gold and silver coins. After the fall of quebec in 1759, the paper money became worthless. 1870 lack of money to carry on ordinary business. There was a little help from britain, where conditions were not much better. A reliable form of money- either for a means of payment or to store value, or even to help government with their own finances did not exist. Most commonly used currency was gold and silver coins. Silver coins were in more useful small denominations.
