Canadian National Economy the Cause of High Prices And Their Effect Upon the Co
Canadian National Economy the Cause of High Prices And Their Effect Upon the Co
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As already explained, the curtailment of produc- tion and the raising of prices to consumers has made it increasingly easy for imports to come in over the EFFECT ON POLITICAL AND SOCIAL LIFE 119 tariff wall. Hence there has been a rapid rise in duti- able imports and a corresponding increase in the reve- nue from customs. In 1896 the revenue from dutiable imports amounted to $20, 219, 037. Last year the reve- nue from this source amounted to $61, 024, 239. 21. But even this increase has not bee...n sufficient to meet the lavish expenditure and a considerable addition has been made to the nation's debt. Of course, much of this increase in expenditure is due to increases in prices of material and salaries, but much is also due to large expenditures that can be justified only on the grounds of political expediency. In 1903 when the country was committed to the building of the Grand Trunk Pacific Railway the people were told that, ac- cording to the most liberal calculation of the Govern- ment engineers, the cost would not exceed $61, 640, 000.
What to read after Canadian National Economy the Cause of High Prices And Their Effect Upon the Co?
You can find similar books in the "Read Also" column, or choose other free books by James John Harpell to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
As already explained, the curtailment of produc- tion and the raising of prices to consumers has made it increasingly easy for imports to come in over the EFFECT ON POLITICAL AND SOCIAL LIFE 119 tariff wall. Hence there has been a rapid rise in duti- able imports and a corresponding increase in the reve- nue from customs. In 1896 the revenue from dutiable imports amounted to $20, 219, 037. Last year the reve- nue from this source amounted to $61, 024, 239. 21. But even this increase has not bee...n sufficient to meet the lavish expenditure and a considerable addition has been made to the nation's debt. Of course, much of this increase in expenditure is due to increases in prices of material and salaries, but much is also due to large expenditures that can be justified only on the grounds of political expediency. In 1903 when the country was committed to the building of the Grand Trunk Pacific Railway the people were told that, ac- cording to the most liberal calculation of the Govern- ment engineers, the cost would not exceed $61, 640, 000.
What to read after Canadian National Economy the Cause of High Prices And Their Effect Upon the Co?
You can find similar books in the "Read Also" column, or choose other free books by James John Harpell to read onlineMoreLess
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