Images

Economy and Development

  • Oct 14, 1500

    First Occupants

    First Occupants
    -First Occupants arrived in Quebec in the 1500s
    -They traded using the barter system
    -They're means of transportation were canoes and snow shoes
    -Men were hunters
    -Females were farmers
    -The elderly looked after the children
    -Economy based on fish
  • French Regime

    French Regime
    -Economy based on fur trade
    -Dense population
    -New France was constantly expanding due to fur trade
    -Establishment of Quebec and Three Rivers
    -Chartered companies: King wanted more $$$
    -Mercantilism system
    -Practice of agriculture
  • British Regime

    British Regime
    -Europe was out of wood
    -North-West Company merges with Hudson Bay Company
    -Decline of fur trade
    -Economy based on timber
    -New Jobs: loggers, lumberjacks and sawmills
    -Bank of Montreal
    -Steamships, railroads, canals
    -Reciprocity Treaty
    -New regions
    -Start of industrialisation
    -National Policy
  • Creation of the North-West Company

    Creation of the North-West Company
    -Created after the American Revolution
    -Eventually merges with the Hudson Bay Company
  • Blockade by Napolean

    Blockade by Napolean
    Britain couldn't get timber from its usual source because of the blockade so they got it from Canada. This made the timber economy is Canada expand.
  • Creation of the Bank of Montreal

    Creation of the Bank of Montreal
    -Allowed people to invest and obtain credit they recieved from timber economy
  • North-West Company and Hudson's Bay Company Merge

    North-West Company and Hudson's Bay Company Merge
    -Merge 38 years after the North-West Company was created
  • Reciprocity treaty

    Reciprocity treaty
    Canada signs reciprocity treaty with USA which lasts 10 years. This meant that customs/duties between the two countries were temporarily ceased. This was more of an advantage for Canada because the USA was a larger market than Canada. Therefore, we were selling to more people than they were selling to.
  • Contemporary Period

    Contemporary Period
    -Exploitation of resources
    -Industrial development
    -Urban expansion
    -Workers' demands
    -New regions
    -Economic cycles (world wars, roaring twenties and post-war, Quiet revolution...)
    -Economic policies (National Policy)
    -The Great Depression
    -Governement solutions
  • 1st Phase of Industrialisation

    1st Phase of Industrialisation
    -Skilled craftsmen
    -Factories, manufacturing things
    -Dangerous work
    -Long hours
    -Powered by coal engines
    -Stopped farming wheat and specialized in dairy
  • National Policy

    National Policy
    -Created by MacDonald
    1.Increase customs duties
    2.Build railways
    3.Encourage immigration
  • 2nd Phase of Industrialisation

    2nd Phase of Industrialisation
    -Natural resources
    -Beginning of electricity
    -Creation of new technology for farming
    -New transcontinental railway
  • 1st World War

    1st World War
    -We had to fight even though it wasn't our way (Britain told us we had to)
    -Consription crisis
    -French wanted nothing to do with it
    -Women's rights improved (take mens place in workforce, vote in husband's place)
    -Economy improved (building stuff for the war)
  • Great Depression

    Great Depression
    -Cause: stock market crash in 1929
    -People were buying shares in companies from borrowed money
    -When depts were called in, the stocks plummeted
    -"Black Thursday"-stocks dropped below zero
    -Many losed jobs
    -Most sectors of the economy were hit hard
    -Government solutions: public work projects, work camps, direct aid and encouraged farming
  • 2nd World War

    2nd World War
    -We were not forced to join the army (we wanted to)
    -Women were involved
    -Conscription crisis (these soldiers never saw war because it was over before they got there)
  • Post-war Period

    Post-war Period
    -Post war prosperity
    -Natural increase in population and immigration (baby boom)
    -Food was rationalized
  • Quiet Revolution

    Quiet Revolution
    -This was Quebec modernizing
    -Massive increase in government intervention
    -Examples: Hydro-Quebec, trans-Canada, Montreal Metro, Parent Committe, free public education until the age of 16, MEQ.
    -Weakened influence of the Church
  • Oil Crisis

    Oil Crisis
    -OAPEC procalimed an oil embargo
    -The price of oil raised from $3 per barrel to about $12 per barrel
  • Free Trade agreement with USA

    Free Trade agreement with USA
    -Effect of globalization
  • Free Trade agreement with Mexico

    Free Trade agreement with Mexico
    -NAFTA signed
    -Effect of globalization