Canada Economic Development Essay

own growth but from its participation as a member of the Empire of nations of the

Since the country’s conception in 1867, Canada has lived in the shadow of it’s southerly neighbour, the United States of America. Through the years, what started out as a country with very distinct culture has morphed and become Americanized. Historically speaking, American influence has had a great economical impact on Canada. Speaking about the Americanization of Canada, Pierre Trudeau, former Prime Minister of Canada, has said, “Americans should never underestimate the constant pressure on Canada which the mere presence of the United states has produced…” This pressure has changed the way Canadians live and conduct business. This pressure has Americanized the Canadian economy. American culture has a very far reaching effect on Canada with many trickle down effects. Americanization of the Canadian economy has lead to the American control of the Canada’s corporate structure, Canadian dependence on American capital, turned the Canadian economy into a mirror image of the American economy, and has led to loss of

American companies also owned a large proportion of Canada’s oil businesses, chemical industries, rubber and electrical companies. Canada began to exploit its raw materials to ship to the United States with no regards of long term effects; Canada’s economy was hit particularly hard when the stock market crashed in 1929 because of its dependency on the U.S.

Canada is currently sitting at a population of over 30 million people and is ranked 11th in the world in terms of exports (Canada: Economic Freedom, 2017). The economy in the country seems to be thriving very well with many skilled workers and plenty of jobs for most individuals in the civilian labor force. For the most part, Canada has always done pretty well in terms of having a successful economy. Starting in the early 50s Canada was thriving primarily off of the waterways unlike today the country thrives off selling petroleum, cars, and other things other countries need and want. Although this shift from a farm based economy too much more industrialization did not happen until after the Great War, it wasn't until the 1920s until Canada

The aforementioned described the early forces external colonialism in Canada. Economic imperialism is often seen as a force of power and domination that exists as an historical project with the contemporary formation of treaties and agreements. This is far from the truth – in reality it has been extrapolated into contemporary liberalism through the creation of international institutions such as the International Monetary Fund (IMF) and World Bank that work to serve the same interests. This illustrates that economic imperialism is an ongoing process. Today, the forces of subordination and control are far more entrenched into Canadian society. This can be

As Mulroney came to office in 1985, he dismantled the FIRA and replaced it with Investment Canada, a new system which he believed would encourage suitable foreign investment. FIRA was criticized by those who concerned about American economic influence, since it almost approved every application it received. At the time, in some industries, such as the petroleum and rubber products industries, foreign control exceeded ninety per cent. Over three-fourths of this control was held by United Sates investors.6 These new and old policies brought better and higher rate of business income between Canada and the United Sates, which resulted in closer ties between the two countries.

As time goes on, some countries become more relevant in the global sphere while others start to fade away. Canada is a country that only becomes more relevant as time goes on. Since being granted full sovereignty, Canada has had a growing role as a major world player. Much of their international growth has to do with its close ties to the United States and the United Kingdom. However, the country has also undergone huge change and refocusing on a domestic level. With influence from both Europe and the United States, Canada has a very unique system of governing. This paper will focus on a few major areas of Canada. It will look into the history of Canada, the structure of its government, its politics, and many of the major issues it faces today.

One of such events that affected Canada economically is the Drought in the Dust Bowl. The Prairies became the worst place to live in Canada because the price of wheat has dropped from $1.60 per bushel to $.38 per bushel and because of that many farmers abandoned their farms to look for other jobs. Drought returned in 1933 and was five years long with limited amount rainfall which also caused the topsoil to turn into dust and caused dust storms due to too powerful winds. Because of the right conditions thousands and thousands of grasshoppers were born and damaged 80% of crops that remained. It was bad for Canada because it just lost the people who produced on of its primary products wheat and now the Canada has no choice but to buy wheat from other countries and those can price it for whatever they want because Canada is in need. Secondly, the Stock Market Crashed on October 29, 1929 “Black Tuesday.” Many people invested large amounts of money into the stock market because as the value of the stock increased the more money they made when they sold it and to many it became like an easy way to make money. For example, Canadian Marconi, a radio company should have sold at $1 but sold for $28 because the market value inflated. Canada was affected by this because when the Stock Market crashed people who invested hugely into stocks lost large amounts of because they sold them for a fraction of the what they purchased it. People took

In Canada, an important economic transformation accelerated as Britain was wholly supplanted by the United States as Canada's main economic partner. By the middle of the decade, economic development started to soar in Europe and the Roaring

Its often said that because of the events of the Second World War that Canada grew as a country. Even noted in the London Daily Telegraph when they said “no country has grown in international stature so swiftly and markedly as Canada has done... hers has often been a lonely voice of reason,”12. This statement defines Canada's actions in its development as a middle power – the voice of reason in many international affairs. This is true especially of these two crises that Canada dealt

Quebec had one of the strongest economy in the world. “Quebec was the United States’s eighth largest trading partner,” (Trading with Quebec, page 2). It had numerous advantages that made it one of the strongest and healthiest economy in Canada. Montreal was the third largest city in Canada. It gathered industries from software engineering, electronic productions, to aerospace development. It as a whole had abundant financial and human resources, which provided cheap and approachable water and mineral resources. The local government believed that after gaining independence from Canada, these factors could make it succeed and prosper in the global economy. The major oppositions that stood against Quebec economically was the inconvenience when conducting trades in French. If it did not have the

Our historical overview also shows that Canada’s industrialization occurred later and was shaped by its colonial status; that immigration was a major factor in creating a workforce; and that resource industries played a cen- tral role.

The term post-industrialism refers to a transition from one form of society to another; the original society being an industrial society, mainly dominated by forms of specialized physical labour, and the latter being a service and knowledge dominated format.

As the 20th century comes to an end, Canada is a transcontinental nation whose interests and representatives span the face of the globe and extend into every sphere of human behaviour. However this was not always the case. When the four colonies of British North America united to create Canada on July 1, 1867, the new country's future was by no means secure. Canada was a small country, with unsettled borders, vast empty spaces, and a large powerful neighbour, the United States. Confronting these challenges was difficult for the young country. Though Canada was independent in domestic matters, Britain retained control over its foreign policy. Over the next fifty or so years, Canada's leaders and its

As mentioned above, I believe that economic interests was the main reason that causes the Canadian government to take action as they also sought to protect the trade balance, so it