The Canadian Iron And Steel Industry a Study in the Economic History of a Prote

Cover The Canadian Iron And Steel Industry a Study in the Economic History of a Prote
The Canadian Iron And Steel Industry a Study in the Economic History of a Prote
William John Alexander Donald
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The lack of large bodies of ore and the absence of good sup- plies in certain sections of the country placed such industry CONCLUSION 309 as was attempted under still greater disadvantages. WTiat few establishments were started from time to time existed under a combination of especially favorable conditions, and lasted only so long as those conditions continued. In such circumstances high protection would have been a mistake, indeed.
Practically the same general conditions of growth held for th
...e next period from 1879 to 1897. There was no re- markable expansion of the Canadian industry for obvious reasons. The market was still a limited one, and the protec- tion afforded the iron and steel industry could not have stimulated a large increase in production, even if the whole demand had been supplied by Canadian firms. What growth did take place can be attributed largely to a certain expansion of the market, especially that which followed the railroad building of 1880 to 1884, and the general pros- perity of the period from 1887 to 1894.

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