POLS 3125 Lecture Notes - Lecture 11: Mortgage Loan, Life Insurance, Toronto Stock Exchange
11 Nov 2017
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Shift in the industrial leadership: from britain to us, germany and france: depression in late 19c britain leads to new era of protectionism in europe. Second industrial revolution especially production in steel, chemical industries, electricity. High tariffs and the fdi restrict trade, as they increase the price of imported goods and services, making them more expensive to consumers. Excise taxes are taxes paid when purchases are made on a specific good, such as gasoline. Excise taxes are often included in the price of the product. There are also excise taxes on activities, such as on wagering or on highway usage by trucks. One of the major components of the excise program is motor fuel: until 1879, policies relatively liberal (low taxes, 1879 onwards: higher levels, number of products increased. Tariffs a(cid:374)d the (cid:858)(cid:449)orki(cid:374)g (cid:272)lause(cid:859) (cid:449)orked ha(cid:374)d i(cid:374) ha(cid:374)d to tra(cid:374)sfer (cid:271)oth us te(cid:272)h(cid:374)ology a(cid:374)d production to canada: due to pressure from us industrialists, but also canadian manufacturers.
