Had the banking system changed for the better by 1867

Reference no: EM133643108

Assignment:

CASE - The Bank Act of 1871

You can answer question 4 only. Remaining questions are just for your reference. Need one page of explanation.

QUESTION 1. -What were the issues faced by businesses in the 1800s in Canada as a result of operating in a multiple-currency environment?

-Had the banking system changed for the better by 1867? How?

-What were the lessons for the establishment of a sound currency?

QUESTION 2.

-What were the differences between the Bank Act proposed by John Rose and the version proposed by Sir Francis Hincks? Which of the versions would have been best for the Canadian economy? For business enterprises?

QUESTION 3. -Why were the proposals of Sir Francis Hincks acceptable and those of John Rose not?

QUESTION 4. Do you think the provision for a decennial revision of the Bank Act was a wise decision, and if so, why?

Reference no: EM133643108

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