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Period: 1500 to
Fur trade is the main economic activity
The fur trade is a worldwide industry dealing in the acquisition and sale of animal fur between the Europeans and the natives. -
Founding of Quebec
On July 3, 1608, Samuel de Champlain sailed up the St. Lawrence River in the company of 26 recruits and discovered what is now called, Quebec in order colonize new territory, benefitting the economy. -
Creation of the Company of One Hundred Associates
The One Hundred Associates, was created by Cardinal Richelieu, in 1627, as part of his programme of developing France's external trade. -
Period: to
Jean Talon attempts to diversify the economy
Talon tried to diversify the economy of New France by introducing new crops such as flax and hops for making beer, by starting a shipyard and lumber industry, and by encouraging mining. -
Creation of the Hudson's Bay Company
Prince Rupert, cousin of King Charles II, to acquire the Royal Charter which, in May, 1670 granted the lands of the Hudson Bay watershed to “the Governor and Company of Adventurers of England trading into Hudson Bay. -
Period: to
Crisis in Fur Trade
In the 1690's, overproduction resulted in a crisis for the fur trade. -
Completion of the Chemin du Roy
The Chemin du Roy is a historic road along the north shore of the St. Lawrence River in Quebec. -
Period: to
War of the Conquest
The Conquest was the British military conquest of New France during the French and Indian War, otherwise known the Seven Years War. -
Northwest Company is founded
The North West Company was a fur trading business headquartered in Montreal from 1779 to 1821. It competed with increasing success against the Hudson's Bay Company in what is present-day Western Canada -
Timber Trade = Fur trade
Wood was the staple of Canadian trade for much of the 19th century. Fuelled by European demand, the timber trade brought investment and immigration to eastern Canada which fostered economic development. -
Corn Laws adopted
The Corn Laws were tariffs and restrictions on imported food and grain enforced in Great Britain between 1815 and 1846. They were designed to keep grain prices high to favour domestic producers, and represented British mercantilism. -
Period: to
Protectionism
In economics, protectionism is the economic policy of restraining trade between states through methods such as tariffs on imported goods, restrictive quotas, and a variety of other government regulations. -
Founding of the Bank of Montreal
In 1817, the Montreal Bank became Canada’s first bank, and went on to play a critical role in the building of a nation, its financial systems, and the prosperity of its people. -
Lachine Canal
Banding together to form the Company of the Proprietors of the Lachine Canal, they would instigate the construction of the first canal -
Agricultural difficulties leading to an Economic Crisis
In Lower Canada, the soil became infertile and agriculture production became difficult. Lower Canada weren't able to supply Great Britain agricultural products which lead to an economic crisis in Lower Canada. -
Period: to
Reciprocity Treaty
The Canadian–American Reciprocity Treaty was a trade treaty between the United Kingdom and the United States, applying to British possessions in North America including the Province of Canada, New Brunswick, Nova Scotia, Prince Edward Island, and Newfoundland Colony. -
Period: to
1st phase of industrialization
The First Industrial Revolution also brought the development of railways, iron ships and manufacturing tools. Britain was the first country to experience this phase of industrialization, an experience that began later in Western Europe, the United States and Japan -
Period: to
Economic Crisis
The Panic of 1873 was a financial crisis that triggered a depression in Europe and North America that lasted from 1873 until 1879, and even longer in some countries (France and Britain).The Panic was known as the "Great Depression" until the events in the early 1930s set a new standard. -
Macdonald's National Policy
The National Policy was a Canadian economic program and put into action in 1879. It called for high tariffs on imported manufactured items to protect the manufacturing industry. -
Period: to
2nd phase of industrialization
The Second Industrial Revolution, also known as the Technological Revolution, was a phase of rapid industrialization in the final third of the 19th century and the beginning of the 20th. -
Period: to
World War 1
Its the War to End All Wars and was a global war originating in Europe. Due to the war, it increased the economy do to the mass production. -
Period: to
Great Depression
The Great Depression was the worst economic downturn in the history of the industrialized world. It began after the stock market crash. -
Period: to
World War 2
It involved the vast majority of the world's countries, eventually forming two opposing military alliances: the Allies and the Axis. Due to the war, it increased the economy do to the mass production. -
Free trade agreement between Canada and USA
In 1987, both countries agreed to the Canada-United States Free Trade Agreement. Negotiations toward a free trade agreement with the U.S. began in 1986. -
NAFTA
In 1994, the North American Free Trade Agreement (NAFTA) came into effect, creating one of the world's largest free trade zones and laying the foundations for strong economic growth and rising prosperity for Canada, the United States, and Mexico.
