ADMS 1010 Chapter Notes -Canadian Northern Railway, Canadian National Railway, Irrational Exuberance

• School: York University
• Department: Administrative Studies
• Course: ADMS 1010
• Professor: Alison Kemper

Document Summary

Irrational exuberance ": the creation of the cnr. Warning that the market might be somewhat overvalued consequences of irrational exuberance were being felt by some for the first time in 1917. The railway mess" three transcontinental railways had been built for a population of just over eight million, which resulted in excessive capacity relative to demand: canadian northern facing seemingly insurmountable financial difficulties. World war i introduction of the military services act in 1917 led to riots and demands for money as well as manpower to support the war introduction of temporary" income tax. Division within canada: english canadians were demanding conscription of manpower for the fighting front; french. Pressure was mounting for a federal election, the first in six years, with widespread support growing for a union government a coalition of conservatives and english-speaking liberals revolutionary sentiment abroad, led by lenin in russia. Prohibition of the sale and consumption of liquor.