History 2125F/G Lecture Notes - Lecture 3: Mercantilism, Protestant Work Ethic
9 Feb 2013
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Document Summary
Manufacturers of labour in 19th century british north america (1840-1879) roughly. * sir william petty writing about that there are limitations to the mercantilist economy. * great grandfather of free-trade and globalization (capitalism would improve (n ot society as a whole) : the rich would get richer, not everyone) Mercantilism does not guarantee cheap raw materials (so why not look elsewhere for cheaper raw materials?) Getting rid of two major tariffs that exist: corn laws (about grain, usually paid a penalty, now it doesn t, navigation act (ships coming from other colonies, removed) * what to do: keep at it, sell it at home (sell it within canada you ll need infrastructure to do that, look south (before we could not) * at first there s anger and hostility, later realize for the best. But growth & activity persist: toronto, montreal *busy active places.
