HIST 203 Lecture Notes - Lecture 16: Ad Valorem Tax, Newsprint, Northern Ontario
8 May 2017
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Falling prices in places like coal mines led to unemployment. Postwar demand as troops grew reaccustomed to society and bought houses and other things. Cities grew as canada went from an agrarian nation to a truly settled (including the west) and developed country. Exports grow, especially in the late 1920s in the resource sector. Demand for base metals rose in the us. Gold up 3x, silver up 2x, nickel lead and zinc up 4x, copper up 7x. From 1920-1929 newsprint tripled from 805k to 2. 725 million tons. 95% of canadian newsprint is exported, 75% of that to the us. Key player rising in the 1920s with increased purchases. American companies open branch in canada in order to avoid tariffs. From 8th most important industry in 1920 to 4th most important in 1930. 35% ad valorem (value added) tax on all products through stages of production. Great consolidation occurs, as 70 auto companies bought eachother out to make 14.
