The Impact of the Sterling-Dollar Crisis on the Maritime Economy
To understand the peculiar implications of sterling devaluation for the Maritimes, it appears necessary to review briefly the nature of the Maritime economy. The economy of the Maritime region, including Newfoundland, has long been based upon the exploitation of the major resources of the area: the...
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Cambridge University Press (CUP)
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Online Access: | http://dx.doi.org/10.2307/137807 https://www.cambridge.org/core/services/aop-cambridge-core/content/view/S0315489000014456 |
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crcambridgeupr:10.2307/137807 2023-05-15T17:21:01+02:00 The Impact of the Sterling-Dollar Crisis on the Maritime Economy Petrie, J. R. 1950 http://dx.doi.org/10.2307/137807 https://www.cambridge.org/core/services/aop-cambridge-core/content/view/S0315489000014456 en eng Cambridge University Press (CUP) https://www.cambridge.org/core/terms Canadian Journal of Economics and Political Science volume 16, issue 3, page 347-352 ISSN 0315-4890 1920-7220 General Earth and Planetary Sciences General Environmental Science journal-article 1950 crcambridgeupr https://doi.org/10.2307/137807 2022-11-07T16:21:39Z To understand the peculiar implications of sterling devaluation for the Maritimes, it appears necessary to review briefly the nature of the Maritime economy. The economy of the Maritime region, including Newfoundland, has long been based upon the exploitation of the major resources of the area: the forest, the farm, the sea, and the combination of Newfoundland iron ore and Nova Scotia coal. It was aptly termed by the Royal Commission on Dominion-Provincial Relations a “wood-wind-water” economy. The Maritimes are essentially a primary producing area, and the secondary industries are for the most part engaged in processing forest, farm, and sea products, and in the production of steel and steel products. There are, of course, other secondary industries producing consumer goods such as textiles, boots and shoes, brushes, and other specialized products. These plants are usually small, and confined to the local market. Many have survived competition from Ontario and Quebec with difficulty. Traditionally most of the Maritimes' key products—lumber, pulp and paper, fish, apples, and potatoes—have been exported. With the exception of pulp and paper produced on the mainland, these exports have gone for the most part to sterling markets; in Newfoundland, even pulp and paper products have gone to Britain. The United Kingdom has been the traditional market for lumber and apples; fish has gone to the United Kingdom, the British West Indies, and Australia. Most of the exported potatoes have gone to the Latin American countries, principally Cuba and the Argentine, as seed stock. Article in Journal/Newspaper Newfoundland Cambridge University Press (via Crossref) Argentine Canadian Journal of Economics and Political Science 16 3 347 352 |
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Open Polar |
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Cambridge University Press (via Crossref) |
op_collection_id |
crcambridgeupr |
language |
English |
topic |
General Earth and Planetary Sciences General Environmental Science |
spellingShingle |
General Earth and Planetary Sciences General Environmental Science Petrie, J. R. The Impact of the Sterling-Dollar Crisis on the Maritime Economy |
topic_facet |
General Earth and Planetary Sciences General Environmental Science |
description |
To understand the peculiar implications of sterling devaluation for the Maritimes, it appears necessary to review briefly the nature of the Maritime economy. The economy of the Maritime region, including Newfoundland, has long been based upon the exploitation of the major resources of the area: the forest, the farm, the sea, and the combination of Newfoundland iron ore and Nova Scotia coal. It was aptly termed by the Royal Commission on Dominion-Provincial Relations a “wood-wind-water” economy. The Maritimes are essentially a primary producing area, and the secondary industries are for the most part engaged in processing forest, farm, and sea products, and in the production of steel and steel products. There are, of course, other secondary industries producing consumer goods such as textiles, boots and shoes, brushes, and other specialized products. These plants are usually small, and confined to the local market. Many have survived competition from Ontario and Quebec with difficulty. Traditionally most of the Maritimes' key products—lumber, pulp and paper, fish, apples, and potatoes—have been exported. With the exception of pulp and paper produced on the mainland, these exports have gone for the most part to sterling markets; in Newfoundland, even pulp and paper products have gone to Britain. The United Kingdom has been the traditional market for lumber and apples; fish has gone to the United Kingdom, the British West Indies, and Australia. Most of the exported potatoes have gone to the Latin American countries, principally Cuba and the Argentine, as seed stock. |
format |
Article in Journal/Newspaper |
author |
Petrie, J. R. |
author_facet |
Petrie, J. R. |
author_sort |
Petrie, J. R. |
title |
The Impact of the Sterling-Dollar Crisis on the Maritime Economy |
title_short |
The Impact of the Sterling-Dollar Crisis on the Maritime Economy |
title_full |
The Impact of the Sterling-Dollar Crisis on the Maritime Economy |
title_fullStr |
The Impact of the Sterling-Dollar Crisis on the Maritime Economy |
title_full_unstemmed |
The Impact of the Sterling-Dollar Crisis on the Maritime Economy |
title_sort |
impact of the sterling-dollar crisis on the maritime economy |
publisher |
Cambridge University Press (CUP) |
publishDate |
1950 |
url |
http://dx.doi.org/10.2307/137807 https://www.cambridge.org/core/services/aop-cambridge-core/content/view/S0315489000014456 |
geographic |
Argentine |
geographic_facet |
Argentine |
genre |
Newfoundland |
genre_facet |
Newfoundland |
op_source |
Canadian Journal of Economics and Political Science volume 16, issue 3, page 347-352 ISSN 0315-4890 1920-7220 |
op_rights |
https://www.cambridge.org/core/terms |
op_doi |
https://doi.org/10.2307/137807 |
container_title |
Canadian Journal of Economics and Political Science |
container_volume |
16 |
container_issue |
3 |
container_start_page |
347 |
op_container_end_page |
352 |
_version_ |
1766103515620442112 |