MGMT 1030 Lecture Notes - Lecture 8: Imperial Munitions Board, Income Tax, Second Industrial Revolution

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8 May 2018

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MGMT 1030

Lecture 8

Second Industrial Revolution (Canada)

- Increase in farm productions

- Canada’s share in international wheat trade increased

- New cultivation techniques and technical change allowed the Prairies

wheat economy to flourish (developed faster maturing wheat)

- Resources and Manufacturing Industrial Growth

- High tariffs marked Canada’s 2nd IR

- Iron, steel, wood, food & beverages and clothing accounted for 60%

of Canada’s GDP in 1910

- Lumber exports increased (1897-1913)

- Wood pulp output increased (1908 – 1913)

- Gold Rush  Yukon and B.C.

- Nickel  Sudbury

- Large steel companies in NS and ON

- Agricultural implements

- Minerals and refining

- WW1, The GD and WW2

- WWI

- Exports increased

- Wheat acreage doubled

- Gov’t expenditures increased

- # of gov’t bonds increased

- Income tax (1917) helped pay for the war

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