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The company was an association of 100 shareholders that invested start-up capital. Each shareholder was to receive a share of the profits from the fur trade. In exchange, the company was required to populate and manage the territory but because of the threat of the British attacking at sea, they were not able to populate New France without risking the lives of others
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Grosellier and Radisson explored the area of trade with a group of aboriginals
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he started his reign of France in 1661
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In 1659, two coureurs de bois (Groseillier and Radisson) decided to go to the area of trade with a group of Aboriginals they had come to know well.
They managed to find high-quality furs, the French didn’t want to finance a commercial expedition to Hudson’s Bay.
They went to the English crown and he funded a maritime expedition to Hudson’s Bay in 1668 and the Company was founded in 1670. -
Do not make it on their own and in competition with HBC
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This put stop to naval goods
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They merged together because the demand for furs declines
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Adopted free trade and affected the colonies because their economy depended on exports to Great Britain
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stopped preferential treatment towards British cereal merchants
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Any merchant ship could have access to British ports
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Very low tech, bad working conditions, boring work, industries were produced by coal/steam engines.
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BNA signs a 10 year deal with the US so they now have access duty and tariff free
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Industrialization and urbanization
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Unions will demand a reduction in the working hours, a reduction in the number of work days in a week and an increase in salary and the elimination of child labor
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the Canadian market was flooded with goods from the US and many Canadian manufacturers were unable to compete with the American market
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Canada will impose custom tariffs on imported manufactured goods. For Canadian consumers, local goods will cost less, therefore more people will buy made in Canada products
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People are beginning to produce dairy products and butter and cheese factories are being built
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High Tech, better working conditions, new economic sectors, railways, better-qualified workers
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Canada supplied Great Britain with all the necessary items in order to fight in the war
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The Catholic church wanted to control the unions and at the same time preserve the French Canadian culture and Catholic faith
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The New York Stock Market crashed and caused many people to be out of work because there were fewer items being produced in the factories so they fired people. 25% of the population was out of work
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The Allies relied on Canadian industries to supply them with foodstuffs and military equipment
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the Duplessis government will create a law to promote rural electrification
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The government took care of the management of social programs, including the education and health
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CUSFTA came into effect, eliminating almost all customs duties between Canada and the US
