Economy of Ontario - History

History

In the 19th century, Ontario was mostly unexplored and the amount of natural resources within the province was yet to be recognized, though it was thought of to be very narrow in terms of economic prosperity. Vast amount of land in the province was forest, at the time, the demand for lumber was enormous as wood was needed for heating and building ships, houses, furniture and railways. During the Napoleonic wars, Britain was cut off from its wood supply from the Baltic Sea and was in desperate need for wood. Since 1893, however, this has been renewed.

Read more about this topic:  Economy Of Ontario

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