POLS 3125 Lecture Notes - Lecture 16: Loan Guarantee, Weak Base
20 Dec 2017
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Document Summary
Industrial development inhibited: ontario: was bounded up in an organic process of wheat-based economic growth. All elements necessary for industrial development were mainly local: quebec: an unproductive agriculture and an intermittent forest industry provided a weak base for industrial development. Industrial growth was mainly based on elements external to the province. Lawrence and weakened the position of montr al based wholesalers and grain handlers: this enhanced the independence of wholesalers in toronto. The impact of technological development on canadian economy in pre-confederation era; Montreal, hamilton, and toronto: village artisans and small industries catering local population found themselves vulnerable to competition from larger producers located in urban centers. Cayley-galt tariff of 1858-59: duties on 353 items. Industrialization in maritimes: wood processing and shipbuilding were the dominant industries, until 1871, manufacturing output in new brunswick rivaled that of quebec and ontario, however, the merchant class delayed the pace of industrialization.
