By Kenneth Buckley
Booklet by means of Buckley, Kenneth
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Extra resources for Capital Formation In Canada, 1896-1930
As settlement proceeded, dairy farming emerged on lands adjacent to Winnipeg and other cities and mixed farming developed throughout the Park Belt especially in Manitoba but also in the other provinces (in northeastern Saskatchewan and, away from the Park Belt, in northwestern Alberta and on irrigated land). Ranching, which had developed in the dry areas in southwestern Saskatchewan and southeastern Alberta before the turn of the century, reached a peak in 1900, then declined as homesteaders poured in, but remained of considerable importance in the southern and foothill regions of Alberta.
The federal government was also active in harbour construction, and its expenditures in this, and in the related field of river dredging, are included in the analysis below. A major development in external transportation during the period was the opening of the Panama Canal immediately after the war. The Panama reduced the relative importance of the St. Lawrence with important implications for the city of Vancouver whose trade hinterland was now extended as far inland as western Saskatchewan. Meanwhile the rapid development of the motor car converted roads from a position of minor to major importance among government transportation expenditures.
Total investment in buildings, equipment, and inventories on prairie farms reflects the same general pattern. Table VIII presents the quinquennial figures in some detail. 29 Farm residential buildings did not move in step with urban residential building. 30 In contrast, the value of farm building construction shown in the table rises from the first quinquennium to the second, falls in the third, rises in the fourth, falls in the fifth, and rises again in the sixth. Again a measure of western farm expansion varies in sympathy with the price of wheat.
Capital Formation In Canada, 1896-1930 by Kenneth Buckley