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Mercantilism is an economic theory that there is a fixed amount of wealth in the world and that a nation's prosperity depends on its success in accumulating wealth by exporting more than it imports. European nations of the 17th-19th centuries attempted to put it into effect through commercial policies designed to produce a favourable balance of trade, through acquisition and development of colonies as exclusive markets and sources of raw materials, and, in England, through NAVIGATION ACTS, which made the shipping and marketing of colonial goods the monopoly of British merchants and shippers. Mercantilism was intended to benefit European powers, but it was not wholly disadvantageous to the colonies, providing a protective mantle for early development. However, it has been argued that mercantilist policies left colonial economies dependent on staple production (see STAPLE THESIS) and obstructed their industrial development. Though less rigid than the French system, English mercantilism brought no fundamental changes to the colonial economy after the CONQUEST of New France (1760). The system was dismantled with the repeal of the CORN LAWS in 1846 and the Navigation Acts in 1849, and the elimination of duties that had favoured colonial timber.
Author
JAMES MARSH
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| Land claims are dealt with by a process established by the federal government to enable INDIANS, INUIT and ... |
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Browse the rich visual resources of The Canadian Encyclopedia through thematic galleries of Canadian Art, History, Nature, People, and Science and Technology.
Illustrations, lively text, animations, sounds and games help make learning about Canadian history, art, geography, architecture and other topics entertaining as well as informative.
The ultimate test of your knowledge of Canada, trivial and otherwise. You can choose from more than 60 dynamic quizzes with visual or text clues. Your scores depend on the speed with which you answer and the number of clues you need. Results are sent to you by email and high scores are posted on the site.
This unique resource includes more than 6000 events from Canadian and world history. It can be searched by era, subject, keyword or date. To find out what happened on your birthday, select the month and day of your birth.
This selection of the 100 "greatest" events in Canadian history was made by editor in chief James H. Marsh to draw attention to events that have left an indelible memory in the minds of later generations.
| THE ENCYCLOPEDIA OF MUSIC IN CANADA |
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| Heintzman & Co. Ltd. Piano manufacturing and retailing business based in Toronto 1866-1978 and relocated in Hanover, Ont, 1978-86 under the amended name Heintzman Ltd. It was founded by Theodore August Heintzman (b Theodor ... |
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