The Canada Cement Affair Prompts Legislative Reform
At a glance:
- Series: Great Events from History II: Business and Commerce Series
- Categories: Government and Politics, Economics
- Subcategories: Business, Scandals, Corruption, Fraud
- Curriculum: Canadian History
- Geographical Location: Canada
- Date: October, 1909
Article abstract: The formation of the Canada Cement Company began the first great merger wave in the country and precipitated a financial and political scandal that reached its peak during the 1911 election.
Summary of Event
Consolidated in October, 1909, the Canada Cement Company was formed through one of the first of about forty major industrial mergers that swept the country during a four-year period. Its size and the alleged monopoly power it created made the merger the most publicized of the era. Canada Cement’s promoter, William Maxwell Aitken...
[The entire page is 2408 words long]
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