Economic History Of Canada
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Economic History Of Canada
Canadian historians until the 1960s tended to focus on the history of Canada's economy because of the far fewer political, economic, religious and military conflicts present in Canadian history than in other societies. Many of the most prominent English Canadian historians from this period were economic historians, such as Harold Innis, Donald Creighton and Arthur R. M. Lower. Scholars of Canadian economic history were heirs to the traditions that developed in Europe and the United States, but frameworks of study that worked well elsewhere often failed in Canada. The heavily Marxist influenced economic history present in Europe has little relevance to most of Canadian history. A focus on class, urban areas, and industry fails to address Canada's rural and resource-based economy. Similarly, the monetarist school that is powerful in the United States has been weakly represented. Instead, the study of economic history in Canada is highly focused on economic geography, and for ...
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Canadian History
The history of Canada covers the period from the arrival of the Paleo-Indians to North America thousands of years ago to the present day. Prior to European colonization, the lands encompassing present-day Canada were inhabited for millennia by Indigenous peoples, with distinct trade networks, spiritual beliefs, and styles of social organization. Some of these older civilizations had long faded by the time of the first European arrivals and have been discovered through archeological investigations. From the late 15th century, French and British expeditions explored, colonized, and fought over various places within North America in what constitutes present-day Canada. The colony of New France was claimed in 1534 with permanent settlements beginning in 1608. France ceded nearly all its North American possessions to the United Kingdom in 1763 at the Treaty of Paris after the Seven Years' War. The now British Province of Quebec was divided into Upper and Lower Canada in 1791. The ...
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Nova Scotia
Nova Scotia ( ; ; ) is one of the thirteen provinces and territories of Canada. It is one of the three Maritime provinces and one of the four Atlantic provinces. Nova Scotia is Latin for "New Scotland". Most of the population are native English-speakers, and the province's population is 969,383 according to the 2021 Census. It is the most populous of Canada's Atlantic provinces. It is the country's second-most densely populated province and second-smallest province by area, both after Prince Edward Island. Its area of includes Cape Breton Island and 3,800 other coastal islands. The Nova Scotia peninsula is connected to the rest of North America by the Isthmus of Chignecto, on which the province's land border with New Brunswick is located. The province borders the Bay of Fundy and Gulf of Maine to the west and the Atlantic Ocean to the south and east, and is separated from Prince Edward Island and the island of Newfoundland by the Northumberland and Cabot straits, ...
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Commodity
In economics, a commodity is an economic good, usually a resource, that has full or substantial fungibility: that is, the market treats instances of the good as equivalent or nearly so with no regard to who produced them. The price of a commodity good is typically determined as a function of its market as a whole: well-established physical commodities have actively traded spot and derivative markets. The wide availability of commodities typically leads to smaller profit margins and diminishes the importance of factors (such as brand name) other than price. Most commodities are raw materials, basic resources, agricultural, or mining products, such as iron ore, sugar, or grains like rice and wheat. Commodities can also be mass-produced unspecialized products such as chemical substance, chemicals and computer memory. Popular commodities include Petroleum, crude oil, Maize, corn, and gold. Other definitions of commodity include something useful or valued and an alternative ter ...
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Staples Thesis
In economic development, the staples thesis is a theory of export-led growth. The theory "has its origins in research into Canadian social, political, and economic history carried out in Canadian universities...by members of what were then known as departments of political economy." From these groups of researchers, "the two most prominent scholars following this approach were Harold Innis and W.A. Mackintosh." Thesis The thesis explains Canadian economic development as a lateral, east-west conception of trade. Innis argued that Canada developed as it did because of the nature of its staple commodities: raw materials, such as fish, fur, lumber, agricultural products and minerals, that were exported to Britain and the West Indies. This trading link cemented Canada's cultural links to Britain. The search for and exploitation of these staples led to the creation of institutions that defined the political culture of the nation and its regions. Innis argues that different staples led t ...
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Queen's University At Kingston
Queen's University at Kingston, commonly known as Queen's University or simply Queen's, is a public research university in Kingston, Ontario, Canada. Queen's holds more than of land throughout Ontario and owns Herstmonceux Castle in East Sussex, England. Queen's is organized into eight faculties and schools. The Church of Scotland established Queen's College in October 1841 via a royal charter from Queen Victoria. The first classes, intended to prepare students for the ministry, were held 7 March 1842 with 13 students and two professors. In 1869, Queen's was the first Canadian university west of the Maritime provinces to admit women. In 1883, a women's college for medical education affiliated with Queen's University was established after male staff and students reacted with hostility to the admission of women to the university's medical classes. In 1912, Queen's ended its affiliation with the Presbyterian Church, and adopted its present name. During the mid-20th century, the u ...
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William Archibald Mackintosh
William Archibald Mackintosh, (May 21, 1895 – December 29, 1970) was a Canadian economist and political scientist, and was the twelfth principal of Queen's University from 1951 until 1961. He is best known for developing the staple thesis that explains Canadian economic history in terms of a series of exports of staple products – fish, fur, timber, and wheat. Born in Madoc, Ontario, he received his BA and MA from Queen's in 1916. He received his PhD from Harvard University. From 1922 to 1939 he was a professor of economics at Queen's. During the Second World War, he was an assistant to the Deputy Minister of Finance in Ottawa and later in the Department of Reconstruction and Supply. He was appointed a Companion of the Order of St Michael and St George in 1946. After the war he was the dean of arts and science at Queen's until becoming principal in 1951, the first principal who was a Queen's graduate. He was a director of the Bank of Canada and a member of its ex ...
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Louis XIII
Louis XIII (; sometimes called the Just; 27 September 1601 – 14 May 1643) was King of France from 1610 until his death in 1643 and King of Navarre (as Louis II) from 1610 to 1620, when the crown of Navarre was merged with the French crown. Shortly before his ninth birthday, Louis became king of France and Navarre after his father Henry IV was assassinated. His mother, Marie de' Medici, acted as regent during his minority. Mismanagement of the kingdom and ceaseless political intrigues by Marie and her Italian favourites led the young king to take power in 1617 by exiling his mother and executing her followers, including Concino Concini, the most influential Italian at the French court. Louis XIII, taciturn and suspicious, relied heavily on his chief ministers, first Charles d'Albert, duc de Luynes and then Cardinal Richelieu, to govern the Kingdom of France. The King and the Cardinal are remembered for establishing the ''Académie française'', and ending the revolt of ...
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Compagnie Des Cent-Associés
The Company of One Hundred Associates ( French: formally the Compagnie de la Nouvelle-France, or colloquially the Compagnie des Cent-Associés or Compagnie du Canada), or Company of New France, was a French trading and colonization company chartered in 1627 to capitalize on the North American fur trade and to expand French colonies there. The company was granted a monopoly to manage the fur trade in the colonies of New France, which were at that time centered on the Saint Lawrence River valley and the Gulf of Saint Lawrence. In return, the company was supposed to settle French Catholics in New France. The Company of One Hundred Associates was dissolved by King Louis XIV, who incorporated New France into a province in 1663. Background French exploitation of North America's resources began in the 16th century, when French and Basque fishermen used ports on the continent's Atlantic coastline as trading stations during the summer fishing season. Attempts at permanent settlements ...
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New France
New France (french: Nouvelle-France) was the area colonized by France in North America, beginning with the exploration of the Gulf of Saint Lawrence by Jacques Cartier in 1534 and ending with the cession of New France to Great Britain and Spain in 1763 under the Treaty of Paris. The vast territory of ''New France'' consisted of five colonies at its peak in 1712, each with its own administration: Canada, the most developed colony, was divided into the districts of Québec, Trois-Rivières, and Montréal; Hudson Bay; Acadie in the northeast; Plaisance on the island of Newfoundland; and Louisiane. It extended from Newfoundland to the Canadian Prairies and from Hudson Bay to the Gulf of Mexico, including all the Great Lakes of North America. In the 16th century, the lands were used primarily to draw from the wealth of natural resources such as furs through trade with the various indigenous peoples. In the seventeenth century, successful settlements began in Acadia and in Quebe ...
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Mercantilism
Mercantilism is an economic policy that is designed to maximize the exports and minimize the imports for an economy. It promotes imperialism, colonialism, tariffs and subsidies on traded goods to achieve that goal. The policy aims to reduce a possible current account (balance of payments), current account deficit or reach a current account surplus, and it includes measures aimed at accumulating foreign-exchange reserves, monetary reserves by a positive balance of trade, especially of finished goods. Historically, such policies frequently led to war and motivated colonialism, colonial expansion. Mercantilist theory varies in sophistication from one writer to another and has evolved over time. It promotes government regulation of a nation's economy for the purpose of augmenting state power at the expense of rival national powers. High tariffs, especially on manufactured goods, were almost universally a feature of mercantilist policy.John J. McCusker, ''Mercantilism and the Econom ...
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World War II
World War II or the Second World War, often abbreviated as WWII or WW2, was a world war that lasted from 1939 to 1945. It involved the vast majority of the world's countries—including all of the great powers—forming two opposing military alliances: the Allies and the Axis powers. World War II was a total war that directly involved more than 100 million personnel from more than 30 countries. The major participants in the war threw their entire economic, industrial, and scientific capabilities behind the war effort, blurring the distinction between civilian and military resources. Aircraft played a major role in the conflict, enabling the strategic bombing of population centres and deploying the only two nuclear weapons ever used in war. World War II was by far the deadliest conflict in human history; it resulted in 70 to 85 million fatalities, mostly among civilians. Tens of millions died due to genocides (including the Holocaust), starvation, ma ...
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Skeena River
The Skeena River is the second-longest river entirely within British Columbia, Canada (after the Fraser River). Since ancient times, the Skeena has been an important transportation artery, particularly for the Tsimshian and the Gitxsan—whose names mean "inside the Skeena River" ,and "people of the Skeena River," respectively. The river and its basin sustain a wide variety of fish, wildlife, and vegetation, and communities native to the area depend on the health of the river. The Tsimshian migrated to the Lower Skeena River, and the Gitxsan occupy territory of the Upper Skeena. During the Omineca Gold Rush, steamboat services ran from the sea to Hazelton, which was the jumping-off point for the trails to the goldfields. The Hudson's Bay Company established a major trading post on the Skeena at what became called Port Simpson, British Columbia (''Lax Kw'alaams''), where nine tribes of the Tsimshian nation settled about 1834. Other tribes live elsewhere in BC, and descendants of ...
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