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This comprehensive two-volume history of Canadian business is a detailed account of the development of commerce and industry in the formative period from Confederation to the First World War. Most of author Tom Naylor's information, gathered from contemporary sources and particularly the business press, is recorded here for the first time. This research has led him to offer a fundamental reinterpretaion of Canadian business and economic history which is bound to generate worldwide controversy. In Volume I on the banks and finance capital, the story of the growth of the Canadian chartered banking system is told in detail. Included is an analysis of the many bank failures, and an explanation of the techniques used successfully by the largest chartered banks to dominate banking and finance in the new confederation. Several chapters deal with hitherto unrecorded facets of the development of the financial system of Canada, the major financial institutions and the types of operations they financed. Volume II deals mainly with the development of manufacturing and industry. The rapid growth of foreign branch plants which followed the National Policy is examined in detail, as are business assistance measures like patent laws, tariffs, government subsidies and municipal 'bonusing'. Naylor offers detailed accounts of the rise of big business through the formation of cartels and mergers assembled out of smaller independent operations. These two volumes offer a completely new perspective on the development of the Canadian economy. They cast important new light on the historical forces which lie behind many pressing currrent economic and political issues. --Publisher's description, Lorimer R.T. Naylor traces the insidious interplay of big business and big government in Canada in the period between Confederation and World War I, presenting corruption as the norm rather than an abberation. He tells the often sordid story of the emergence and development of corporate capitalism in Canada during the country's formative years, exposing an epidemic of white-collar crime among the country's elite financial institutions and locating the origins of the modern corporate-welfare state in tax concessions and subsidies. A controversial study that went against the prevailing views of its time, some lauded its publication as an intellectual breakthrough, while others condemned it as a political rant. An unprecedented work in Canadian historiography, The History of Canadian Business, 1867-1914 has been chosen by the Social Sciences Federation of Canada as one of the twenty most outstanding works in the field in the last half of the twentieth century. --Publisher's description of "new edition," McGill-Queen's University Press
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