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1497
Europeans fishing
Europeans would come to the St-Lawrence valley to fish for Cod to bring back since it was high in demand. -
1500
Barter system
In the 1500''s, the aboriginals would trade furs for agricultural resources. This was called the Barter system. -
1500
Fur trade for metal objects
Europeans come in contact with the natives and trade metal objects in return for fur -
Economy of New France
Before 1663, agriculture was the main economic activity in New France. Wheat was the main crop. -
Craft Activities
In the city of New France, artisans would go to do certain activities such as, carpentry, masonry, wig maker and more. -
Period: to
Fur trading
The natives and the French met each spring during trading fairs. -
Mercantilism
Mercantilism was an economic theory that based a nation’s prosperity on the accumulation of gold and silver. -
Diversified economy after 1663.
After 1663, in New France, Jean Talon tried to diversify the economy by making some adjustments. He added animals to farms, he added different things to the agriculture and founded a naval shipyard near Quebec. -
Gilles Hocquart
He tried to diversify the economy by creating the lumber industry. -
Playing cards currency
After 1663, when there was sometimes a lack of currency in New France, the king would right an amount on a playing card that could be exchanged for cash when ships arrived from France. -
Ironworks
There was a lot of iron available in Trois-Rivière making the ironworks at Saint-Maurice an industry. -
Chemin Du Roy
A railroad in between Montreal and Quebec City was made to help with economic trades, it also passes through Trois-Rivières. It is called the Chemin du Roy. -
Hudson's Bay
In 1764, the Bay which still exists today was created and dominated the fur trade. -
Fur trade crisis
In 1690, the fur trade was in crisis, it became less of a trend and fur was being gathered in warehouses and not used as much so the king demanded to slow down the fur trade. -
Triangular Trade
This would allow France to get rich by taking advantage of the resources of its colonies, and by selling manufactured goods to its colonies. -
Economy under British Rule
From 1760 to 1867, the economy under British rule -
Protectionism
Economic policy made to protect the economy of the country or empire against foreign competition. -
British merchants and traders
Around 200 British merchants establish in the province of Quebec. They would export natural resources and import manufactured goods from Great Britain. -
1783
In 1783, a new fur company was created. The Northwest company. -
Corn Laws
This guaranteed preferential tariffs on the British market to the colonies grain merchants. This is for Lower Canada. -
First Phase of Industrialization
This is when the first phase of industrialization was happening. Machines started to take over little jobs -
Second Phase Industrialization
This is when the city became even more industrialized and developed, machines were more present. -
Great Depression
New York Stock Market Crash will affect the economy of most
of the countries of the modern world. -
Bankruptcies
There were many bankruptcies of companies. 25% of the population were unemployed. -
War production
Allies of Canada relied on us to supply foodstuffs and military equipment.
