The Past During The 19th Century

1771 Words Dec 4th, 2014 8 Pages
In the 17th century our economy had been excessively reliant on external markets and capital. During that time our economy was colonial. Our investments had first come from France and then Britain. Growth was established on exports of natural resources like furs, fish, lumber, wheat, and minerals, while our imports were of manufactured goods. By the 19th Century, our Canadian economy started to reconstruct from colonial to a continental one. In the 1840s, Britain withdrew from the Commercialism systems that have given priority to imports from the colonies, including Canada. In return, Canada looked to the south for new markets. An agreement between Canada and the US was signed in 1854 and came into effect from 1855 to 1866, called the Reciprocity, which was to provide Free Trade between the two countries. In the years of Confederation, Canadian Politicians believed Canada to be a global nation. Prime Minister John A. MacDonald decided to go in another way by enforcing the National Policy of high tariffs, which started in 1879. This became popular in central Canada, but not the East and West of Canada. The Liberal party continued to choose freer trade, but weren’t able get that to change. MacDonald had made free trade a form or treason in the heads of most English-speaking Canadians. Therefore, Canadian Tariffs stayed high until the mid-1930s.
Our dependence on the USA began to trouble many Canadians in the 1960s, with…

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