Economy & Development

Economy Based on Timber

Oct 30, 1500

The economy based on fishing was before the french regime. Europeans that were fishing sometimes made contact with amerindians, this was sometimes peaceful and sometimes not.

Economy and Development

Period: Oct 30, 1500 to Oct 30, 2015

economy is based on fur trade

Oct 30, 1608

The effects of an economy based on the fur trade has on the organization of society and territory are that the population is insufficiently dense causing the need for Native help to hunt, exploration and enlargement of territory to search for more furs and establishments of trading posts.

Mercantile system is set in place

Oct 30, 1608

Canadians 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.

The Company of One Hundred Associates is created

Oct 30, 1627

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

Oct 30, 1706

Start of an economy based on timber, changes in the economic policies and beggining of industrialization.

Northwest Company is created

Oct 30, 1783

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

Oct 30, 1800

Economy was mainly based of timber, there were little exports of fur as it was less popular now.

Napolean Blockade Begins

Oct 30, 1806

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

Oct 30, 1817

Allowed people to invest their money and obtain credit.

North-West company and hudson bay company merge

Oct 30, 1821

They become one company.

Reciprocity Treaty is Signed

Oct 30, 1854

Canada signs reciprocity treaty with U.S.A. which meant customs/duties between the two countries temporarily ceased.

Reciprocity Treaty ends

Oct 30, 1864

U.S.A. does not continue treaty.

First phase of industrialization

Oct 30, 1885

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.

Second Phase of Industrialization

Oct 30, 1900

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

Oct 30, 1914

Encouragement to buy “victory bonds” to help pay for the war the war. Period of great economic growth.

The great depression begins

Oct 30, 1930

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.

WWII

Oct 30, 1939

Gets Canada out of the Great Depression.

Government of Quebec nationalizes electricity

Oct 30, 1963

Hydro-Quebec becomes Government run and then is nationalized.

NAFTA signed by canada U.S.A. and mexico

Oct 30, 2008

Canada entered into trade agreements with the USA and also Mexico. Which shows the ever increasing effects of globalization.