ECON 2420 Chapter Notes - Chapter 8: Mercantilism, Navigation Acts, Corn Laws
29 Nov 2017
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Document Summary
A history of the canadian economy chapter #8: adjustment to the end of mercantilism. In the minds of many contemporaries the colonial economies owed their very beginnings to the navigations acts, the timber preferences, and the corn laws: now all were being eradicated creating doubts about future economic prospects. Initially the concerns of north american politicians seemed justified. To understand the developments in the wood industry in this period its. Its also important to distinguish the two export markets for canadian products in this period: britain and the united states, majority of early exports were in squared timber. An export trade in deals required two prior developments: sawmills capable of meeting the relatively strict quality requirements, means to transport the product to tidewater because deals couldn"t be floated downriver like square timber. The ottawa river became the center of the deals industry, with additional capacity in new brunswick and along the st. lawrence to lake ontario.
