Exploring Canada's Economic Transformation: From Staples to Industry
VerifiedAdded on 2022/11/07
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This report delves into the economic history of Canada, focusing on the staple theory and the impact of industrialization. It begins by explaining the significance of staple products in Canada's economic growth, citing examples like fish, timber, wheat, and fur, and the influence of the staple economy. The report then describes life in pre-industrial Canada, characterized by a focus on survival, self-sufficiency, and a strong connection to the land. It further analyzes the impact of the Industrial Revolution on Canadian workers, detailing the shift from rural to urban life, the introduction of machinery, and the resulting economic and social changes. The report highlights the technological advancements, the centralization of production, and the challenges faced by agricultural workers due to the lack of skills required for the new industrial environment.
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