The Maritime experienced different economic transformations that involved up rises and downfalls. During the economic decline, the Acadian communities were disadvantaged to the Anglo-Protestant majority around them. The colonies such as British North America and Great Britain that would progress to be Canada in 1867 invested extensively on the Maritimes. This period of transition led to the advancement of the Maritimes in different sectors of the economy. It leads to the specialization of agriculture where regardless of the cheap agricultural land, they specified on monoculture like potato farming. However, the development of the economy was very slow. The situation ...
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What role should the administration of a country have in the economy? Is it detrimental for the government to intervene in financial matters and the allocation of resources in a market? According to Harry Bruce, government intervention by a politically motivated set of leaders was the primary aspect that undermined the Maritime Provinces in Canada. The government could not make transparent and fair decisions when it came to the allocation of public resources to build and develop industries in the country. Howe, the minister for supply, directed the funds to the Central provinces in Canada because he disliked the ...
First and foremost, the Canadian-American Reciprocity Treaty signed a decade before the confederation promoted Canada’s business ties with America. As Canada’s export to America increased, the Maritime economy prospered. However, the cancellation of the treaty as a result of Canada’s war with America began to threaten the economy of the region. More importantly, I feel the attitude of Canada towards becoming a confederation at the expense of the Maritimes proved detrimental to the economy of the Maritimes. For instance, before the confederation, the Maritime population enjoyed their unlimited economic potential under their British Colonial rulers. After ...