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Industrial Development In Canada - Online Essay

Industrial Development In Canada



From the first explorers who claimed the land, to its present state, Canada has progressed through several stages of development. As suggested by W.W. Rostow’s Theory of Industrial Development, Canada has reached the highest level of maturity in all aspects, including political, economic/industrial and social.
After it’s discovery by European explorers, the land now known as Canada was under the rule of the British government. Military troops from Britain were stationed in British North America to ensure that the colonies would remain “home-country suppliers”, allowing all profit to be made by the British government, while very little went to the colonists living on and working the land. ...

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Talks for unification began to increase, pushed by the British government’s pressure on Canada to form a customs union as well as a failed reciprocity with the United States. As a result, by 1867, the four colonies of New Brunswick, Nova Scotia, Ontario and Quebec united as the Dominion of Canada. As a new nation, the government decided to impose tariffs on imported manufactured goods, as a way of protecting growing Canadian industries as well as raising government revenues. These were not the first tariffs Canada had imposed on foreign goods, but they were a significant step in helping a new nation become self-sufficient. Throughout the next several stages, the Canadian government developed along with the country’s economy to the level of high-mass consumption.
Another aspect of development is the economic/industrial section. During it’s traditional stage, Canada was more or less just a source of raw materials to Britain; raw materials which helped to contribute to the ...

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PAPER DETAILS
Added: 9/28/2004 02:06:10 AM
Category: Economics
Type: Premium Paper
Words: 659
Pages: 3

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