Secondary III • 2yr.
Hello,
I would like someone to explain to me what the timber trade has done for the economy of the colony of Lower Canada, please!
Thank you !
Hello,
I would like someone to explain to me what the timber trade has done for the economy of the colony of Lower Canada, please!
Thank you !
Explanation from Alloprof
This Explanation was submitted by a member of the Alloprof team.
Hello !
The timber trade will replace the fur trade at the turn of the 19th century and becomes the main product exported to the UK. It will contribute to the economic growth of Lower Canada by promoting the colonization of several almost unoccupied regions of the colony, such as Mauricie, Saguenay and Outaouais. The timber trade will also generate many jobs and increase the influence of the British business bourgeoisie. Indeed, the rich merchants will invest a lot of capital in the timber trade. In return for their investments in the economic development of the colony, the colonial authorities will grant them territories near Quebec, Montreal, Outaouais, Mauricie and Saguenay to set up their forestry sites there. Many sawmills are built, which increases the supply of jobs in the colony for wood processing.
There you go ! Let us know if there is anything else :)