POLS 3125 Lecture Notes - Lecture 15: Economic Geography, Lower Canada, Special Council Of Lower Canada
20 Dec 2017
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Document Summary
Finance and politics in canada, 1793-1841: despite the obstacles, an agricultural economy did take place in upper canada and was, especially after the napoleonic wars, increasingly drawn into a trans-atlantic exchange network, agriculture frontier shaped by triple forces. Industrial revolution: opening of britain to timber and wheat, us and french revolution, liberal-democratic ideals that challenge mercantilist system, nowhere were these tensions (mercantilism and liberal democracy) more clearly manifested than in the fiscal and financial system. Jay-s treaty (1794: threatens markets for montreal fur, means montreal business needs to diversify investment, vermont: potash and lumber, military spending, most is in upper canada, so montreal elites start focusing there for new commercial opportunities. It ended with the exchange of ratifications of the. It transformed the markets for canadian produce: killed fur trade, american market lost, enhanced garrison demand not met by local production, partial sealing of canada-us border. 1817: a private company of wholesale merchants, including some close to the north-
