THE COMMAND ECONOMY
A command economy is one in which a central authority has control of the resources of the economy and makes most of the economic decisions.
TODAY : DICTATORSHIPS OR CUBA OR CHINA
IN THE PAST: NEW FRANCE & THE WARTIME ECONOMY OF THE 1940'S
NEW FRANCE
New France was discovered by accident while explorers were searching for shorter trade routes to India and China, where they hoped to find rich sources of gold and spices. By accidentally discovering central and South America they did discover gold and silver produced by the Aztec civilization.
In Canada the first resources to be exploited were - FISH & FURS. New France, as a colony, was to serve 2 purposes.
1. a source of NATURAL RESOURCES for the people of France.
2. A place where the FINISHED MANUFACTURED GOODS could be sold.
The King had ABSOLUTE POWER until 1663, then he appointed officials. The main one was the INTENDANT, who ran the economy of the colony the way the King wanted it.
The industry was AGRICULTURE & FUR TRADING. Furs, fish and other raw materials were sent back to France. In New France, LAND = WEALTH. Land was given to the Lords (Seigneurs) of the King in return for Taxes and a promise to settle the land.
The Lords got farmers (habitants) who paid the Lord taxes and if the farmer didn't pay the taxes the Lord would take hi ...