Introduction
Canadian economic history is often taken as an obscure and comprehensive subject. From the time Canada was a colony of Great Britain, to the official proclamation of the confederation on July 1st 1867, Canada adopted many economic ideologies that established Canada as developed nation. Mercantilism is one of many of the earliest theories that the Canadian economic system adapted from the Great Britain.
According to Dyer, “Mercantilist system relied on trade with the colonies to supply the mother country with raw materials, where the end goal was a trade surplus and accumulate a treasury that was used to fight wars with one another.” As history progressed, Canada was shaping up to be independent state and incorporated new ideologies during the transition. Corporatism is one of many theories that Canada adopted and transitioned to fit within its framework after Mercantilism. Corporatism was a reaction against the social and political thought of capitalism and political conflict between classes. The transition from a mercantilist school of thought to corporatism paved the economic history of Canada to what it is today.
One could still see the path of this transition by assessing the path dependency of the oldest corporation in Canada. Hudson’s Bay Company (HBC) was founded in the late 17th century. It was largely a fur trading operation through the idea of monopoly. HBC was founded upon the principles of Mercantilism with the guidance of British ideologies. As Canada transitioned towards an independent and self-sustaining state, companies such as HBC transitioned their company’s ideologies accordingly. This paper will focus on how HBC has fit into a mercantilist framework and how over time it has developed into a so...
... middle of paper ...
...han a mercantile operation. This is evident through the rise of competition in the market, which prompted HBC to change to a corporative framework to carry out its operations. Furthermore, decreasing demand and supply of fur was weakening HBC. Focusing on other goods, rather than fur indicated that the company was reforming from its mercantile philosophy and exploiting other markets through a corporative framework. Lastly, the mercantile management was another declining factor to HBC’s operations. Leaders like George Simpson advocated a corporate management style so that it does not contradict with current Canadian economic environment. On the whole, it was important for HBC to transition to a complex corporate framework in order to survive through the transition. This transition initially progressed Canada towards the confederation and made its own stand globally.
It was once stated by F.R.Scott “ There are two miracles in canadian history. The first is the survival of French Canada, and the second is the survival of Canada.” His quote came to reality as of Canada grew to be a stable and secure country where everyone would want to be. Yet to accomplish this, many obstacles and events occurred such as the Spanish Succession war in 1713 , the seven years war in 1763, the constitutional act in 1791 and finally the Act of Union in 1841. First in 1713, the Spanish Succession war occurred where the British took control of Acadia. Soon after that, in 1763 the Seven Years War ended where the British took over New France and was later renamed British North America. Before the British most of the colonies were
In conclusion Canada gained independence because of a series of events that took place during the twentieth century. If it hadn’t been for these events, Canada to this day might have been a part of the British Empire. Through discussion on the Chanak affair we signalled that we wanted autonomy. Through our hard work and lives, the world knew we had the ability to stand alone as a strong nation. While, our international reputation of being a “peacekeeping” country the right to stand as an independent self-governing nation. But finally through the Canada Act, we stood solely independent from our Empire. It is obvious that the twentieth century provided us with great chances to become an independent strong nation.
Canada experienced the revolution of changing politics and new ideologies, it was a necessary wave
Canada became increasingly autonomous throughout the 1920's and 1930's. Being established officially as a nation apart from Britain certainly helped, but there were more than just official pieces of paper at play. The negotiation of the Halibut treaty was a large push towards become an autonomous nation from Britain. The final push were the seats Canada was given at various significant events.
Newfoundland joined Canada in 1949, making it the most recent province to became part of the country. Some historians argue that the delay is diffcult to understand, since Newfoundland had the chance to enter into Canada in 1867. This paper explores why Newfoundland did not join Confederation in 1867 and remained an independent political entitiy. In was not in their best interest given the overarching political debacle which unfolded between the colony’s Conservatives and Liberals. The decision to remain an independent political entitiy or join the federal govenrment was hindered by opposing poltical views. Despite having two men, known today as the Fathers of Confederation, at the Quebec Conference who supported the idea of union, Newfoundland itself did not. A general election to decide the fate of the colony resulted in ongoing dissatisfaction with the idea of joining the new dominion. The question of higher taxation and terrifies that would hinder the success of the colony was a risk people were not yet ready to take. Most of Newfoundland’s core industries began to suffer and fall apart, while the colonies government continued to disagree, despite a concerted effort made by Canadian officials to have them join the larger nation.
Before the war, Canada’s most important sector in its economy was agriculture. However, this was changing drastically after and during the war as industry began to take over as being more important. Canadian production of war material, food supplies, and raw materials had been crucial during the war. After the war, it was only natural that big investments were being made in mining, production, transportation, and services industries. Canadian cities were becoming very important contributors to the economy. This was also bringing in waves of post-war immigration, the backbone of Canada’s multicultural society we know today.
The history of Canada was flooded with many influential and incredible events, particularly during World War 1 and World War 2. During the 20th century, Canada got more involved in worldwide events. It was a very important period for Canada; it was where they gained their independence and progressed as a country. After this century, Canada was considered an important and powerful country.
Two history texts by Bumstead and Silver will be considered. The manner in which they organize Canadian history into logical and comprehensive periods will be taken into account. Each text establishes a chronological framework and within this, creates historical periods. Each period is intended to represent as logically as possible, the major cultural inclinations, political and social events, and thematic trends occurring within that period. Bumstead and Silver outline several broad periods, then delve into each period with a precise focus. Silver has a social focus within each period, and Bumstead has a thematic focus.
Newman, Garfield et al. Canada A Nation Unfolding. Toronto: Mc Graw – Hill Ryerson Limited, 2000.
The post-war time was a period where major changes were occurring. After being involved in two international conflicts, Canada was ready to reestablish their economy. During this time, Canada had started working on ways to become stronger and reputable. It is evident that Canada had matured through the post-war era. Canada’s economic progress left a positive impact on the growth of the country as consumerism became popular, and economic ties with America became stronger. Moreover, the removal of racial and ethical barriers contributed to Canadian social affairs such as the huge wave of immigration and the baby boom. The Canadian government also had become more aware and involved in issues impacting Canadian citizens. Canada as a whole started identifying itself as an independent nation and participating in events that brought a positive reputation amongst them. These economical, social, and legal changes helped Canada mature into the country it is today.
The Confederation act of 1867 without question has had a major influence on the status of contemporary Canada. It has helped shape Canada into one of the worlds most politically and economically powerful countries; a country that is strong, independent, and united. There was a series of events which led to the confederation of Canada, some which are more significant than others. However, I believe that despite the significance of events such as the British encouragement of uniting its North American colonies, the central and key reason for confederation was the fear of potential American (Yankee) inhabitance (whether by persuasion or invasion) of the divided and vast British North American colonies, and the way that the “Fathers of Confederation” were able to take advantage of this situation and persuade reluctant colonies to join Confederation. A strong and united nation could not be easily invaded or bought. These essential factors will be discussed in the paragraphs to come.
The confederation of Canada, a process which took over a century long, with many notable events and people who were involved in forming what we know as Canada today. The confederation all started in 1763, with The Royal Proclamation. Britain decided that pacifying First nation was the best alternative to a costlier war. This proclamation created a boundary between the First Nations and the British Colonies. In the next 50 years or so, the Quebec Act, which revoked the Royal Proclamation, and Treaty of Paris, which recognized British North America to independently exist, and the Constitutional Act, happened. Although these were major events in Canada’s history, The War of 1812, was one of the most notable events that lead to Canada’s Confederation.
In conclusion, Canada was influenced throughout the 1920's by America, that by 1929 Canada became very similar to America in social trends, economics and produce. But has this stopped in modern day era? Canada continues to be heavily influenced by the amount of American products and media outpouring into Canada. Canada has made attempts throughout time to impede the onslaught of American invasion but American invasion is seen on a huge global scale. Hit movies, tv shows, products among others are generally based on American culture, views, or based within American domain. It is a reign yet to be stopped.
Thompson, John Herd, and Mark Paul Richard. "Canadian History in North American Context." In Canadian studies in the new millennium. Toronto: University of Toronto Press, 2008. 37-64.
In the year of 1867 the nation we know as Canada came into being. The Confederation in this year only came about after things had been overcome. Many political and economic pressures were exerted on the colonies and a federal union of the colonies seemed to be the most practical method of dealing with these pressures and conflicts. While Confederation was a solution to many of the problems, it was not a popular one for all the colonies involved. In the Maritime colonies views differed widely on the topic. Some were doubtful, some were pleased, others were annoyed and many were hopeful for a prosperous future.1