ECON 2420 Chapter 12: History of Canadian Economy Chapter 12
29 Nov 2017
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History of canadian economy chapter 12: resources and manufacturing. The prairie wheat boom was essentially a product of the technology of the first industrial revolution: railways, steamships, steel ploughs, etc. The second industrial revolution also had a profound effect on canada. Intermediate goods for further processing (pulpwood) portion of their output: supply side, the production of more finished goods. Iron and steel, leather, transportation equipment, clothing, textiles, printing and publishing, chemicals, tobacco: often referred to as secondary manufacturing, demand depends on population as some of the industries turn out products indented for household consumption. In other cases output is intended for use by other firms in the economy, so demand generally depends on the rate of business investment and expansion: when output is exported demand depends on canada"s international competitiveness. One such policy instrument in this period, in canada as elsewhere, was tariffs and excise duties.
