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Canadian Economy During The 16th Century

1739 Words7 Pages

During the period of the 16th century contact between settlers who included British and French colonies, developed a spark in the economy. Undoubtedly the contact had brought new technologies to light, and endless possibilities for each Europeans and First Nations. It was at this period of time that fishing, mining and many other jobs became dominant for the economy. The major industries at this time were fur, lumber and fishing. The social, economical and political part of this contact had brought in treaties which gave access to new technologies and support in battles from each nation. The Canadian economy up to date is one of the largest running economies in the world, if not for these changes during the 16th century it wouldn’t be what …show more content…

Indigenous undertook that role of being the main supplier of furs for many different nations. Marked as a large agricultural change was the birth of fishing. This economic activity had made a shift in the Canadian economy bringing tons of opportunities. If you had to state the main change in the economy, the speed of which it ran was definitely a major change, technologies improved throughout the years. Ways which the economy changed had happened from taking risks, facing challenges. New economic ways had bloomed like fishing, lumber and all this had complimented the fur trade. British people were asking for lots of stuff, but the indigenous were providing and able to supply them with these things. This had rapidly increased the pace at which the economy was running at. Although the task was high, being able to contribute to a fast running Canadian economy, first nations had struggled at times. Population at some points couldn’t satisfy international demands at points of time. People could argue that British tradesmen had laid down an economic force for change and to expand the ways of the market. British tradesmen had the knowledge of the waterways and the lay of the land, the indigenous had the ability to acquire the fur and get it back to European …show more content…

“9.4 The Lower Canadian Economy – Canadian History: Pre-Confederation.” BC Open Textbooks, Canada History, https://opentextbc.ca/preconfederation/chapter/9-4-the-lower-canadian-economy/. Accessed 25 November 2022.

“Economic History of Canada: How Did the Settlers Facilitate Economic Growth? - 3306 Words | Essay Example.” Ivy Panda, 11 April 2019, https://ivypanda.com/essays/economic-history-of-canada-how-did-the-settlers-facilitate-economic-growth/. Accessed 25 November 2022 “Economic Conditions of Indigenous Peoples in Canada.” The Canadian Encyclopedia, 6 May 2022, https://www.thecanadianencyclopedia.ca/en/article/aboriginal-people-economic-conditions. Accessed 25 November 2022.

“8.6 The New Economy – Canadian History: Post-Confederation.” BC Open Textbooks, BC Campus, https://opentextbc.ca/postconfederation/chapter/8-6-the-new-economy/. Accessed 25 November 2022.

Drummond, Ian M., and David Valdez. “Economic History of Central Canada.” The Canadian Encyclopedia, 7 March 2018, https://www.thecanadianencyclopedia.ca/en/article/economic-history-of-central-canada. Accessed 25 November 2022.

“Economic History of Canada - Canadian Economic history.” Marianopolis College, http://faculty.marianopolis.edu/c.belanger/quebechistory/encyclopedia/Econhistcan.htm. Accessed 4 January

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