ADMS 1010 Chapter Notes -Montreal Exchange, Toronto Stock Exchange, Canadian National Railway
Document Summary
Canada early in the twentieth century: great colony of the british empire. " with its rapidly growing population fuelled by immigration. Middle of the century: weathered by two world wars and two depressions including the great. Depression of the 1930s which hit canada harder than any other developed nation public policy. Became more intrusive in areas formerly thought of as preserves of the private sector, most notably in the public utilities field. Governments required more revenue since they had to cope with both wars and depressions: temporary income tax," which was used not simply to fight wars but ultimately to provide. Canadians with its version of a social-safety net. Public policies also included a welcoming attitude towards foreign investment. Toronto stock exchange surpassed the montreal stock exchange as the major exchange in canada. Because laissez-faire capitalism had failed canadians during the great depression, government intervention provided the key to future prosperity.