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Canad Relationship Between Business And The Government

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The relationship between business and government has a profound impact on the economy. The government plays a crucial role in managing the economy through monetary policy, fiscal policy, and regulation, while businesses contribute to the economy by creating jobs, promoting innovation, and driving economic growth. In this essay, we will examine the difference between how the government and businesses manage the economy and its connection to the fur trade in Canada. The government's role in managing the economy is to create an environment that promotes economic growth, stability, and fairness. The government does this by setting monetary policy, which affects the supply of money and interest rates in the economy. The government also implements fiscal policy, which involves adjusting government spending and taxation to influence the level of economic activity. In addition, the government regulates various economic activities, such as financial services and the labour market, to ensure stability and fairness in the economy. Businesses, on the other hand, manage the economy by focusing on maximizing profits. They do this by cutting costs, conducting market research, and investing in new technologies. Businesses also contribute to economic growth by creating jobs, promoting innovation, and …show more content…

The fur trade was one of the first industries in Canada and was an important source of income for both the government and businesses. The government regulated the fur trade through licensing, taxes, and monopolies, while businesses engaged in trade with Indigenous peoples and other countries. The fur trade helped to establish the relationship between business and government in Canada, with the government playing a role in regulating and supporting the industry, and businesses contributing to the growth and development of the

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The fur industry was pivotal for the imperialist powers of the 1600’s. The gain of this luxurious industry ultimately meant wealth and power. This trade industry alters Canada immensely. The trading post known as York Factory and Moose Factory sought native people to travel vastly collecting furs and pelts. Ultimately this altered their conventual nomadic movements.

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The French would pay Indians for the furs with things like clothing, alcohol, guns, ammunition, glass beads and pots. The two created a very lucrative partnership, the natives were dependent on the French and the French were dependent on the natives. The French was responsible for

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The fur trade, a highly lucrative industry and a vital source of income for the French possessions in Canada, took center stage for them. They were unable to develop diverse economies due to their sole focus on the fur trade, which ultimately rendered them more susceptible to shifts in the fur market. In contrast, the English colonies were successful in creating prosperous economies centered on trade, manufacturing, and agriculture. Thanks in part to their employment of African slave labor, the English colonies in the Caribbean were particularly successful in developing enormously lucrative sugar plantations. The English monarch and the plantation proprietors both benefited greatly from these plantations' wealth-producing

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100,000 manufacturing jobs were lost to the FTA in the early 90’s,a burden which fell disproportionately onto poor working class women, centred mostly in Quebec. Restructuring meant a relocation of jobs from native industry towards a growing service economy, with the frictional unemployment of this time increasing poverty rates by 17.8% by 1995. Fiscal policy during the Mulroney years mirrored the United States in its gradual reduction on social spending and the continuing transfer of taxation from business income to the incomes of Canadians. Fearful that higher regulation would result in further capital flight, the Mulroney conservatives found capitulation an easier pill to swallow. Canada’s trade relationship with the United States understandably increased, rising to 73.5% of total export in 1989 to 80.8% a decade later.

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The Fur trade was one of the earliest and most important industries of the Canadian history. It played an important role in the development and exploration of Canada. It changed the lives of everyone who was part of it. The Industry was the reason behind European settlement in the Northwest. It allowed First Nations to use European items but also brought diseases.

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Did you know that the Fur Trade made Canada what it is today? The fur trade was essentially what the name suggests, it was a trade of furs from the Indigenous to the Europeans. Although the fur trade made Canada immensely wealthy and created a big part of its culture. It was also a race for power and this caused many wars with the French, British, and Indigenous peoples. It started in the 1600’s and continued until around the mid 1800’s.

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The English established posts in the Hudson River Valley and, allied with the Iroquois, engaged in a fierce competition with the French traders (allied mainly with the Hurons) for control of the trade in the central interior region. Until the early 18th century most of the latter were organized as independent proprietors or partnerships but, as the Montreal-based trade expanded further into the continental interior, increasing amounts of capital were required and a number of larger organizations were formed. Most of these were financed by wealthy Montreal "bourgeois", some of whom organized small companies to lease trading posts and hire workers to voyage west each spring with trade goods and bring back furs in the fall. (Some historians speculate that these fur-trading groups, largely concentrated in Montreal, constituted the beginning of a local, French Canadian business class, the further development of which was cut short by the British conquest in the 1760’s.) The trade goods they used were usually obtained through other Montreal merchants, some of whom also acted as intermediaries in marketing the furs in France.

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The North American Fur Trade was developing at an exponential rate. The demand for furs in Europe was to be the determining factor as to why the European presence was to be maintained in the west. Europeans were moving westward as an act of economic development rather that colonization. As the demand grew more, the supplies in the region around the great lakes became scarcer and thus gave reason the fur trade to move further west. The French settlers who were part of the North West Company travelled out from the St. Lawrence River system and go inland in search of new furs.

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