ECON 2420 Chapter Notes - Chapter 9: Mercantilism, Responsible Government, Industrial Revolution
29 Nov 2017
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Document Summary
Canadian pacific in 1885 is marked by the struggle for responsible government, the decline of the mercantile system, and confederation, and. Railways, operational as practical vehicles of transportation in europe since the 1830, transformed the nature of business in the colonies, the structure of cities and villages, and the life of the average citizen. Railways were essential to the development of british north america because of the great distances involved in moving people and goods. Railways were relatively immune to the effects of winter and could reach beyond the waterways to wherever potential traffic justified their presence as well as being faster. By 1850s circumstances were becoming favorable for would be railway: great britain"s stock of private investment funds was growing rapidly, to the evolving financier class in great britain overseas investments. Industrial revolution generated a lot of income were more attractive than they had been a decade earlier.
