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Europeans would come to the St-Lawrence valley to fish for Cod to bring back since it was high in demand.
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In the 1500''s, the aboriginals would trade furs for agricultural resources. This was called the Barter system.
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Europeans come in contact with the natives and trade metal objects in return for fur
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Before 1663, agriculture was the main economic activity in New France. Wheat was the main crop.
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In the city of New France, artisans would go to do certain activities such as, carpentry, masonry, wig maker and more.
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The natives and the French met each spring during trading fairs.
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Mercantilism was an economic theory that based a nation’s prosperity on the accumulation of gold and silver.
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After 1663, in New France, Jean Talon tried to diversify the economy by making some adjustments. He added animals to farms, he added different things to the agriculture and founded a naval shipyard near Quebec.
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He tried to diversify the economy by creating the lumber industry.
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After 1663, when there was sometimes a lack of currency in New France, the king would right an amount on a playing card that could be exchanged for cash when ships arrived from France.
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There was a lot of iron available in Trois-Rivière making the ironworks at Saint-Maurice an industry.
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A railroad in between Montreal and Quebec City was made to help with economic trades, it also passes through Trois-Rivières. It is called the Chemin du Roy.
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In 1764, the Bay which still exists today was created and dominated the fur trade.
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In 1690, the fur trade was in crisis, it became less of a trend and fur was being gathered in warehouses and not used as much so the king demanded to slow down the fur trade.
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This would allow France to get rich by taking advantage of the resources of its colonies, and by selling manufactured goods to its colonies.
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From 1760 to 1867, the economy under British rule
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Economic policy made to protect the economy of the country or empire against foreign competition.
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Around 200 British merchants establish in the province of Quebec. They would export natural resources and import manufactured goods from Great Britain.
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In 1783, a new fur company was created. The Northwest company.
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This guaranteed preferential tariffs on the British market to the colonies grain merchants. This is for Lower Canada.
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This is when the first phase of industrialization was happening. Machines started to take over little jobs
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This is when the city became even more industrialized and developed, machines were more present.
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New York Stock Market Crash will affect the economy of most
of the countries of the modern world. -
There were many bankruptcies of companies. 25% of the population were unemployed.
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Allies of Canada relied on us to supply foodstuffs and military equipment.
