-
1497
1497-The European fisheries
European fisherman, participated in cod fishing close to Labrador and Newfoundland after the discovery of Newfoundland by John Cabot -
1500
1500-Amerindian trading
The Iroquois and the Algonquins used the Barter system, which allowed them to make trade with each other and made paths through the lakes and rivers for them to travel through. The iroquois traded corn and tobacco, while the algonquiens traded dry meat and furs. -
1627-Company of 100 associates
Because of the war with Britain, the company of 100 associates suffered heavy financial losses -
1645-Compagnie des habitants
A group of merchants created this company who took over the trade monopoly of the company of 100 associates. This company was inexperienced and was eventually attacked by the Iroquois. This caused a lot of difficulty. -
1663-Economic policy of Mercantilism
Mercantilism was trade between a colony and a mother country. Colonizing territories had ressources that the mother country could export. The mother took the raw material supplied by the colony, then turned it into finished products, which were then sold and they made profit. -
1670-Hudson's Bay Company
The Hudson's Bay Company founded by Pierre-Esprit Radisson and Médard Chouard Des Groseilliers, build trading posts throughout the entire region to engage in trade with the Cree nation. -
1670-Growth of triangular trade
the colony’s inhabitants had to import most of their products for consumption from the mother country and could not trade with other empires. Therefore, Canada traded its resources with the French colonies in the Antilles, while continuing to provide the mother country with raw materials in return for manufactured goods. -
1690-The Beaver Crisis
In the 1690's, the beaver economy was in a crisis. Fur-related fashion was overlooked and the demand for beaver fur declined -
1700-Expansion of Territory
The fur trade industry expanded because of high popularity. They expanded to the Great Lakes, Hudson's Bay, the Ohio Valley and the Mississippi River, this was to get the fur they needed -
1760-British Takeover
The 13 colonies, although were small in territory, had a larger population. They were able to diversify their economy (Tobacco and cotton) -
1760-British merchants control the fur trade
Scottish and English merchants settled in Montreal to practice fur trade. They took over the fur trade from the french because they were more financially capable -
1806-Napoleon's blockade
Napoleon comes to power in France and sets up a naval blockade
around Britain called the Continental Embargo, a stop on all trade with Britain. But Britain needs wood, so they turn to BNA for resources -
1810-Timber trade replaces fur trade
Timber now becomes the main economic resource, this allows new job opportunities like lumberjacks or workers for sawmills. This also causes the development of new regions and influenced the British merchants. -
1815-British protectionism
protectionism (Preferential treatment) - 1760 up to 1840s
Under a protectionist policy, the colony will trade exclusively with the mother country. This favored the purchasing of resources within a colony. -
1817-Creation of the bank of Montreal
The creation of the bank of Montreal encouraged the British merchants to make invests and increase their credit. -
1854-Reciprocity treaty
BNA signs a 10 year deal with the US, which allows them to perform tariff/duty free trade -
1885-First phase of Industrialization
During the first phase of industrialization, manufactures now permitted the division of labor and increased productivity. The machines will also make more goods, in less time and at a lesser cost -
1896-The second phase of Industrialization
This second phase was characterized by the exploitation of resources and the rapid expansion of industrial sectors which developed due to the new energy source hydroelectricity -
1929-Crash of the New York stock market
Companies started to produce less and started to fire workers. This number of events caused the New York Stock Market to crash. This started the Great Depression. -
1930-The Great Depression
In 1929, the New York stock market crash will affect the economy of most of the countries of the modern world. Banks and factories closed their doors, and the number of unemployed workers grew and grew. At least 25% of the population was out of work -
1939-World war II
During World War II countries needed people manufacturing the resources like weapons for the soldiers to use. With the need for weapons, this created jobs and even over time started the
economy. -
1960-The Quiet Revolution
Started in Quebec after the defeat of the Union Nationale. Agriculture became the most important and the main economic practice. Hydroelectricity was nationalized during this time period -
1962-Nationalization of Hydroelectricity
During this period, the government of Quebec decided to buy the electric companies and slowly worked them into the economy, developing hydroelectricity -
1973-The Oil Crisis
The energy crisis leads to an increase in the price of oil. Companies raised their prices causing the economy to slow down -
1993-NAFTA
(North American Free Trade Agreement) was a treaty signed by Canada, the US, and Mexico. It allowed free trade between these countries without taxes or tariffs.
