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Oct 21, 1497
The Absence Of Meat
For 150 days every year the natives wouldn't be allowed to eat meat. Because their religious reasons, they helped increase the fish industrie. Fisherman would go on the ocean and fish. Also since they didn't come back to trade the fish with the natives, they would salt or dry it. -
Early Resource Development by Europeans
At this time, Samuel de Champlain decided to make the first economic and political alliance with the Innu. This alliance lead to the found of the Québec settlement in 1608 -
Huron's Destruction
At this time, the French would be trading furs with the Iroquois, but they didn't have all that much fur. The Huron's had all the fur because they were in the best territory. One day, the French and Iroquois attacked the Huron to make them spread out and move away from that ideal territory so that way the Iroquois can trade with the French. -
The Fur Trade and Its Impact on the Colony
At this time, the fur trade started to find some difficulties. Because of that, King Louis XIV stopped the monopoly for the merchant companies and implanted a royal government. Their job was to over look all the trades that were happening in the colony -
Attempts To Diversify The Economy
New France started to sell more expensive and fancy furs, but it was quite difficult because of the cost of transportation. The cost of transportation was more and since they were exporting a lot of other things like flour and fish, they didn't have much money left to buy all the nice fur. -
The Beaver Crisis
During this time the beaver economy was in crisis. The fashion of fur was in the past and the new fashion, the demand for beaver pelts had decresed. Eventually the King slowdown the fur trade until it regain its stregth. -
Triangular Trade
During this period of time, the triangular trde became very popular. The triangular trade is for colonies to sell their surpluses, but to still give the mother country with the raw materials it needed. This system of trade was able to last all year round. -
The Transportation Infrastructure
During this period of time, the waterways were main source of transportation. Since they couldn't use this transportation method during the winter, they decided to start road construction. They made a dirt road 7 meters wide that connected Montreal to Quebec along King's road -
Replacement in Fur Trade
After the Conquest, Scotish, English and American merchants moved to Montreal to start practicing fur trade. Since they had a better financial means than the French Canadian, they were able to replace them in the Fur Trade. The only reason why the French Canadian were hired was because they knew about the territory of the Ameriendians. -
Treaty of Paris
With the creation of the United States, the entire region south of the great lakes was lost to this new country. Because of this several merchants joined forces with the Northwest companies. -
Economic Change and The Role Of Timber
Napoleon's Continental Blockade made consequences for Great Britain. They were no longer able to import timber from northern Europe. Because of that, what they did was that British merchants would invest in Lower Canada's logginf industry to encourage more trades. -
Protectionist Policies
The United Kingdom introduced a new policy. It was so that the United Kingdom can export raw materials to the colonies of the mother country to supply their factories. This new policy was called the Protectionist policy. -
The Lachine Canal
The Lachine Canal was bulilt in Montreal, It took about 4 years to build it and once it was built it became very popular very fast. It had become a major industrial zone. -
The Rideau Canal
This canal was mainly to connect The Ottawa River to Lake Ontario since the waterways had become navigable. This Canal is situated in Montréal. -
The First Phase Of Industrialization
The first phase relied on coal for energy. The point of this phase was to start the growth of the manufacturing industry. Railway systems and canals were built and renovated to make the distribution of goods easier -
The Second Phase Of Industrialization
The second phase relied on hydroelectricity. Because of this energy source, we were able to make more merchandise for heavy industries like metalworks and pulp and paper. Also a lot of electrical goods had increased. -
The Increase of Unbanisation
Since the two phases, Montreal became the economic capital of Canada. Since the increase of goods, more and more people were leaving the country and finding jobs in the city. Because there were so many new people looking for jobs, a lot of bussinesses started to multiply and get better services. -
The Great Depression
On October 24th 1929, the stock market crashed. Everyone had put stocks into many different companies because they were doing so good. On that day they all droped and everyone lost there money. Nobody had anything left. -
Growth In All Industrial Sectors
Since the end of World War Two, the economy depended more and more on the American capital and on the trade with the United States. All the industrialization sectors had growths at this time. As well, there was an economic expansion. -
The Tertiary Sector
During this period of time, the tertiary sector. It was rapidly developed and it made so many new jobs for almost of Quebec. This sector increased the buying power of the middle class and a consumer society emrgered.
