MGMT 1030 Lecture 7: The Business of Staples
13 May 2016
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Document Summary
Developed by harold adams innis: the fur trade in canada (1930, the cod fisheries (1942) Canadian economic history dominated by exploitation of natural resources in an export- driven economy: fish, furs, timber, wheat. Economic growth dependent on demand for staples abroad. Long-term effect of staples dependent on linkages: backward, forward, lateral, final demand. All european powers fished the grand banks in 16th century. England and france dominated the cod fishery by 1600: highly seasonal and migratory industry, british companies buy fish in newfoundland, trade it for spices etc. in the. Cod fishery eventually became a residential activity: 1730 residents accounted for 20% of catch, 1830 residents accounted for 90% of catch. Massive increase in catch: 100,000 quintals in 1750, 800,000 quintals in 1830, 1. 5 million quintals in 1914. Cod the dominant economic activity in newfoundland: 89% of labour force in fishery in 1858. This was discussed largely last week with the hbc.
