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Period: Oct 21, 1500 to
economy based on fishing
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mercantile system is set in place
the people who lived in the colony would send to Europe raw materials and tax them on them then they would use them to make finished products and sell them back to Canada. -
Period: to
economy is based on fur trade
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the company of one hundred associates is created
The Company of One Hundred Associates was established by Cardinal Richelieu. They had to populate the colony and develop the land in return they would receive a monopoly on all trade except fisheries. -
British Regime begins
Start of an economy based on timber, changes in the economic policies and beggining of industrialization. -
northwest company is created
The creation of the North-West Company came after the American revolution and the merge with the Hudson’s Bay Company in 1821. -
decline of fur trade
Economy was mainly based of timber, there were little exports of fur as it was less popular now. -
Napoleon blockade begins
Napoleon blocks the path between the English and where they used to get timber, this caused a high demand for timber which they could look for in Canada. -
creation of the bank of montreal
Allowed people to invest their money and obtain credit. -
North-West company and hudson bay company merge
They become one company -
reciprocity treaty is signed
Canada signs reciprocity treaty with U.S.A. which meant customs/duties between the two countries temporarily ceased -
Period: to
: first phase of industrialization
Skilled craftsmen to factories with first assembly line. Industries powered by coal/steam engines. Many food processing industries stopped farming wheat and specialized in dairy textile and wood. -
Period: to
second phase of industrialization
Exploitation of resources by sector and by period (agriculture, forest, mining, hydroelectricity, etc.). natural resources are exploited (ore, pulp & paper). Source of capital in different economic sectors. -
world war one begins
Encouragement to buy “victory bonds” to help pay for the war the war. Period of great economic growth. -
The great depression begin
The stock market crash of 1929 caused the Great Depression. People were buying shares in companies on borrowed money, when debts were called in the stocks plummeted. The Government came up with solutions such as; public works projects to boost economy, work camps, direct aid, encouraged farming. -
Period: to
world war 2
Gets Canada out of the Great Depression. -
government of quebec nationalizes electricity
Hydro-Quebec becomes Government run and then is nationalized. -
NAFTA signed by canada U.S.A. and mexico
Canada entered into trade agreements with the USA and also Mexico. Which shows the ever increasing effects of globalization.
