ECON 2420 Chapter 11: Economical History Chapter 11
29 Nov 2017
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Part 4: a national economy established into two distinct periods. Canada"s economic performance from confederation to world war (cid:883) divides. Economic growth was more rapid after 1896 than it was in the preceding quarter century. Real gnp grew at a compound annual rate of 2. 38 percent between 1870 and. 1896, and at a rate of 6. 48 percent b/w 1896 and 1913. Total population increased by 17. 2 percent in the 1870s, by 11. 7 percent in. 1880s, by 11. 1 in the 1890s, and by 34. 2 in the first decade of the 20th century. Real gnp rose over the entire period, but with a discernible break in 1896. The acceleration of aggregate economic growth in canada after 1896 was. The american population increased significantly faster than canada"s in the. 1870s, and nearly twice as fast in the 1880s and 1890s but the pattern reversed after 1900.
