The National Policy
The first Prime Minister of the new nation was John A. Macdonald, and he outlined what would be Canada's economic program for decades. This would be the National Policy a system of protective tariffs that would encourage the development of Canadian manufacturing. This would be combined with great railway building projects such as the Canadian Pacific Railway to link the east with the west and the Intercolonial Railway to link central Canada with Atlantic Canada.
Canada had traditionally been committed to free trade and had only had one experiment with a protective tariff with the Cayley-Galt Tariff of 1858. This policy has long been controversial as it is seen to have favoured Central Canada at the expense of the Maritimes and the West.
Read more about this topic: Economic History Of Canada
Famous quotes containing the words national and/or policy:
“The religion of England is part of good-breeding. When you see on the continent the well-dressed Englishman come into his ambassador’s chapel and put his face for silent prayer into his smooth-brushed hat, you cannot help feeling how much national pride prays with him, and the religion of a gentleman.”
—Ralph Waldo Emerson (1803–1882)
“Our policy is directed not against any country or doctrine, but against hunger, poverty, desperation and chaos. Its purpose should be the revival of a working economy in the world so as to permit the emergence of political and social conditions in which free institutions can exist.”
—George Marshall (1880–1959)