HIST113 Chapter Notes - Chapter 6: Teck Resources, Vertical Integration
28 Feb 2016
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Creating a new staple: capital, technology, and monopoly in british columbia"s resource sector, 1901-1925 (jeremy mouat) Describes the emergence of zinc production profitable sector. Increasing amounts of zinc were found in the silver-lead ore of eastern bc. Zinc rendered valuable ore (in terms of silver/lead content) uneconomical. What does the paper describe: the early career of the consolidated mining and smelting company of canada (cominco), a subsidiary of the canadian pacific railway, cominco became the most profitable mining company to operate in bc. The consolidated mining and smelting company of canada limited (cominco) a subsidiary of the canadian. What is the result from this he suggested: increased profits for the mine owner, increased traffic for the railways, employment for a large number of men, increase in output, general prosperity. Fernau"s project: unable to secure gvmt support but he obtained substantial european backing, vertical integration, powerful corporation dominated by metropolitan capital, control, reliance on economies of scale.
