Essay on Britain

1091 Words Mar 29th, 2013 5 Pages
Country First Rev. Second Rev. Third Rev.
Britain • 1760’s – 1830’s
• Agriculture improve:
• Open field inefficient
• Animal raising and new crops
• Transportation: canals, turnpikes
• Financial:
• Bank of England created
• Adam Smith’s invisible hand
• Provincial banks created
- Technological:
• Spinning Jenny, steam engine • 1840’s – 1940’s
• Transportation:
- railway
-shipping changes from wood to steel construct.
-automobiles
• Mining:
• Steel, iron, coal
• Financial:
• Limited liability
• Larger firms
• Technological:
• Textile and electrical engineering
• Depression after WWI:
• Cotton market down and exports down
• Bankrupt due to WWI
• Response via tariffs, limited unemployment insurance, devaluation
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controlled industries
- Deficit increase
- Aging population
Canada • -1890 (40 after US)
• End of merchantilism:
- No tariffs/duty
- Reciprocity treaty
• Railways:
- Some but eventual linked line
• Industrialization:
- Some finished goods still imported
• Political:
- Unite colony for defence
- Also unite for funding purposes for West
- Federal Gov responsible for finance
- Province Gov. for healthcare, school, cities • 1890-1945
• Railways:
- More railways
• Wheat Boom:
- New technology
- Amount increase
• Resources:
- Lumber increase
- Steel and iron companies developed
- Minerals increase such as nickel
• WWI:
- Conscription
- Income tax develop
- Exports increase
• Great Depression:
- Unemployment increase
- Benett did nothing as he thought it would resolve by itself
- Bank of Canada created
• WWII:
- Gov control (i.e. prices)
- Baby bonuses given • 1945-present
• Booming (Liberals):
- New oil discoveries
- Still increase in consumer spending
- K. War helped spur

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