Quebec business before 1960

mardi 22 juin 2010 ·

This is what one author said of them:

Without outside capital, a small business will often have a hard time growing, and, because it remains small, will have a hard time raising capital. A point of significance, however, is that this particular vicious circle is one within which most French-Canadian entrepreneurs are content to revolve, in part because of a reluctance towards capital from outside the business or family and in part because of the resistance to growth. Reliance on outside capital is seen as threatening independence and security, an attitude which perhaps depends to some extent on the peasant heritage
But this is what we noticed under Duplessis:
French-Canadians became an increasingly affluent market for financial services of all kinds and turned to the new francophone insurance, banking, trust and investment companies. Massive urbanization favoured concentration of real estate and commercial activities. As in finance there was no major barrier to the entry of small French-Canadian enterprises to such a dynamic environment (…) while the industrial development occurred mostly thorugh foreign and English-Canadian corporations, some French-Canadian companies did participate in older industries
This is an empirical illustration of business activities in Quebec showing that under Duplessis, business activity did in fact live a gigantic boom.


Québec. Ministère du Commerce et de l’Industrie. All editions from 1925 to 1963. L’Annuaire Statistique du Québec. Québec: Ministère des Commerce et de l’Industrie.

Niosi, Jorge. 1984. « The Rise of French-Canadian Capitalism». In Alain G. Gagnon (eds), Québec : State and Society. Agincourt (Ontario) : Methuen Publications, 186-200.

Taylor, Norman. 1960. “French-Canadians as Industrial Entrepreneurs ”. Journal of Political Economy 68-1, 37-52.

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Bryan Breguet est candidat au doctorat en sciences économiques à l’université de Colombie-Britannique. D’origine Suisse, il a passé les cinq dernières années au Québec au cours desquelles il s’est engagé en politique provinciale malgré le fait qu’il ne possédait pas encore la citoyenneté canadienne. Il détient un B.Sc en économie et politique ainsi qu’une maitrise en sciences économiques de l’université de Montréal. Récipiendaire de plusieurs prix d’excellences et bourses, il connaît bien les méthodes quantitatives et leurs applications à la politique.

Vincent Geloso holds a master’s degree in economic history from the London School of Economics, with a focus on business cycles, international development, labor markets in preindustrial Europe and the new institutional economics. His research work examined the economic history of the province of Quebec from 1920 to 1960. He holds a bachelor’s degree in economics and political science from the Université de Montréal. He has also studied in the United States at the Washington Centre for Academic Seminars and Internships. Mr. Geloso has been an intern for the Prime Minister’s cabinet in Ottawa and for the National Post. He has also been the recipient of a fellowship from the Institute for Humane Studies and an international mobility bursary from the Ministère des Relations internationales du Québec. Currently, he is an economist at the Montreal Economic Institute.

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