HIST 202 Lecture Notes - Lecture 15: Marine Insurance, Sugar Refinery, Stonemasonry
9 Dec 2015
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Starts--80% of pop involved in home good production, mainly 4 household production. Self-sufficient, imports largely come from outside british north amer. Manufacturing goes on in small artisan workshops, no heavy machinery. Ends--more transformation of goods to manufactured goods appears. About 45-47% are involved in farming/fishing/simple resources no transformation. Not full blown indst rev like england, but heading there. In 1840"s, domestic market b/comes more important. After napoleonic war, many soldiers coming home. Increased population avalible--emergence of a labour force. Wages, cost of labour decrease, more possible 4 ppl to hire workers. Navigation acts--designed to give advantage to brit shipping, but after 1850"s, brit shipping has to compete w us--acts getting disabled. Corn laws--(actually wheat) protect british/colonial farmers/consumers, big tariffs on imports. Timber duties--exports of timber from colonies also enjoy lower. In 1840s, this syst largely dismantled by free trade lobby in eng duties in england. Bank of montreal (1817, formal charter 1822)
