Canada, Provinces: Newfoundland, 10 Cents – 1941

Description

In 1854, the United Kingdom established the responsible government in Terranova. In 1869 the Confederation with Canada was rejected. The main concern was the property of the land (ending the absent landowners and distributing their land between the farmers) and the Confederation with Canada did not contribute solutions, sowing more uncertainty, since Canadian concerns were of little importance for the inhabitants of Newfoundland. In any case, the economy was based on fishing and fishing licenses, above all, which provided irregular income, and wood. In addition, society was quite heterogeneous, with an important Inuit population in the continental part of the colony (Labrador), and a mixture of English, Scots and Irish above all, which also caused religious differences. In 1907, Terranova achieves the domain range, which made the virtually independent colony. The colony pursued its own treaties with the US, which the Canada Confederation did not see well well, especially in fishing policy. After the First World War there was a fall in fishing prices that negatively affected the region, which dragged the debt to maintain a regiment in the war, and the construction of the railroad. Under these conditions, the crisis of 1929, which made most export prices fall, was devastating, which caused bankruptcy in 1931. The economy could be maintained with the help of the United Kingdom and Canada, but in 1933, continuing The problems, Canada voted against more aid. The United Kingdom offered the return to direct colonial control, and the terranova Parliament, approved by vote its own dissolution in 1934. The beginning of the war totally altered the economy of the war, as the bases were offered to the Americans and infrastructure of all kinds were built that stimulated the economy, outside the usual seasonal sectors. In 1949, after two referendums, terranova vote for the incorporation to Canada, where it was integrated as a province. In 1865, Terranova adopted the gold standard, replacing the pound with the change of 1 dollar = 4 chelines and 2 peninsions, slightly greater than the Canadian dollar. With the bank crisis of 1894, Canadian banks entered the colony, matching the value of both currencies. New Brunswick adopted the decimal system in 1860, taking the dollar as currency, in equality with the Canadian dollar. Who commissioned the first currencies, also managed those of Nova Scotia, asking for 1/2 cents for New Brunswick that were not required and subsequently molten. Apparently a few got into circulation with those of Nova Scotia.