Economy and development

By jeremysmith
  • Period: Oct 13, 1500 to

    Economy and development

  • Oct 21, 1500

    Fishing

    Fishing
    During the summer, European fishermen would come to fish in the Gulf of the Saint Lawrence.
  • Oct 28, 1500

    Barter system

    The barter system is the economic system used by the natives. This is when Amerindien nations trade surpluses with eachother.
  • Oct 28, 1534

    Jacques Cartier voyages

    In 1534, Jacques Cartier explored the Gulf of the St. Lawrence and the St. Lawrence river, which is when he encountered the natives and traded European goods for fur.

  • Monopoly companies

    in 1660, the King of Frfance granted a monopoly on the fur trade to merchant companies. These companies were also in charge of the colony's administration.

  • Fur-centered economy in New France

    In 1608, the first permanent settlement, Quebec, was created. In this new French colony the economy was centered around the fur trade.

  • Talon's diversification of the economy

    Jean Talon, hoped to diversifiy New France's economy but this attempt failed due to the mercantile system imopsed by france. So all of new france exports were to France.

  • Colonization of regional zones

    Due to the growing of the timeber industry and to the fact that the seigneuries became over populated, regional zones were colonized.

  • British fur trade

    After having taken over New France, British merchants were the first ones to move to the newly acquired colony, in order to take over the fur trade.

  • Free Trade

    The protectionism from England towards the colony is abolished and free trade is implemented. This mean that there are no longer custom duties for importing and exporting goods between the colony and the mother country, which help Canada's economy.

  • Continental blockade

    Napoleon's blockade of 1806 consequently made it harder for England to acquire timber from northern europe so they looked to canada to export their timber to England which led to a spike in canadas timber exports.

  • Reciprocity treaty

    In 1854, Canada and the United States signed the reciprocity treaty which abolished border fees between Canada and the US.

  • !st phase of industrial revolution

    ~Unskilled workers on assembly line producing finished products
    ~Difficult work conditions
    ~Low salary
    ~High count of injuries
    ~Started working at a young age

  • National Policy

    Nationalist politics of MacDonald (1878).
    - Increase Custom Duties: (protect/promote Canadian Industries by ensuring Canadians bought Canadian good)
    - Build Railway: The Canadian Pacific Railway was to run coast to coast, unify people, and increase trade
    - Encourage Immigration: Especially in Western Canada because a bigger population meant a bigger market

  • 2nd phase of industrial revolution

    instead of producing finished products the production and exportation of natural ressources.

  • Roaring 20s

    The 1920s was a very prosperous decade where everyone was spending money and the economy prospered.

  • Great depression

    ~The cause of the Great Depression was the stock market crash of 1929.
    ~Massive lay offs
    ~Families bought as little as possible
    ~The goverment's solutions were work camps, public work projects, direct aid and encouraging farming.
    ~World War 2 ended the depression

  • Quiet Revolution

    The Quiet Revolution began in Quebec in 1960 with the electoral defeat of the Union National by Jean Lesage and his Liberal Party. It can be best described as a rapid and far-reaching process of social, economic, and political reform in Quebec from early to the late 1960s. There was an increase in government intervention.
    ~Modernizing Quebec's educatinal system
    ~Weaken the influence of the Church
    ~Hydro-Quebec becomes goverment owned, trans-Canada expanded, Montreal Metro
    ~Expo 67 MontrealOlym..