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The Evolution of Trade in Atlantic Canada
Transcript of The Evolution of Trade in Atlantic Canada
*Why is Canada a trading nation? *What role has Atlantic Canada had in this?
*How did we become participants in the global economy of today? *What were our motivations to participate in trade and eventually international trade?
First Nations and INuit
*First people known to live in Canada
*Their economy based on trading and sharing needs
*First landing of Europeans in Newfoundland 1497- John Cabot
*1530's- Jacques Cartier- France
FISH!!! Lots and lots of COD!
Colonization and Mercantilism
Hudson Bay Company
* WARS between British and French
*When British won- fur trade really took off
*Strong connection with Britain still exists today- One of our top 5 trading partners
*1600's- Samuel de Champlain arrives and forms first permanent settlements (colonization)
*starts trading furs with First nations
*establishes trading posts
*trading raw materials for manufactured product
*growing communities, immigration- more opportunities for trade
The United States
* U.S gained independence 1776-1783
*developed trade differently than Canada- more diverse trading partners
*Canada not independent- relied on Great Britain
*US- self-reliant +new technologies
*Canada= raw materials
*US= manufactured goods
* silk more popular in Europe
*beaver pelt not as valuable anymore
*end of fur trading industry in Canada
*need other trade- looking other options
*economic independence from Great Britain
*traded with Britain but now other possibilities
*international trade begins for Canada
first Canada stamp
The Fathers of Confederation
Industrial revolution 1800's
*machines being produced
*needed raw materials to manufacture products
*Canada has raw materials
*trade opportunities on the rise
World War I
* Maritimes ports (Halifax)
*transporting goods for war effort
*able to handle large amounts of trade
Post World War II: Asia
* Japan's economy (1950-90's)- cheap goods
* Canada supplies raw materials and buys manufactured goods at cheaper price
*Then China (2000's) in trade game
*Huge trade possibilities for Canada
* close neighbours so easy/cheap trade
*1993 NAFTA signed
*Cheap labour, no tariffs, close shipping= great idea!!!
NAFTA = North American Free Trade Agreement
* 150+ trading partners
* 9 free trade agreements
* member of major trade organizations
* trade with emerging markets (Middle East, India, Africa, South America)
Presentation Notes by Ms.M