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Economic History of New Brunswick

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Economic History of New Brunswick
Economic History of New Brunswick

New Brunswick (French: Nouveau-Brunswick) is named after the British royal family of Brunswick-Lüneburg (the house of Hannover). It forms part of the three Maritime provinces in Canada. It is the only bilingual province (French and English) in the country. It is included as one of the four Atlantic provinces, of Canada. North of New Brunswick are the Province Quebec and Chaleur Bay, on the east by the Gulf of Saint Lawrence and Northumberland Strait, on the south east by Nova Scotia, on the south by the Bay of Fundy, and on the west by the state of Maine. The Isthmus of Chignecto links the province to Nova Scotia.

New Brunswick became part of the Canadian Confederation on July 1, 1867, being one of the four original provinces. The province’s economy is based primarily on the utilization of its natural resources. Currently, forestry and mineral industries are still important revenue-earners for the province but services and manufacturing sectors are gaining dominance. The Province of New-Brunswick was formerly part of Nova-Scotia, which was the first European settlement on the Continent of North America. The first grant of land was given by King JAMES the FIRST to Sir WILLIAM ALEXANDER, in 1621. The first settlers arrived in 1604 were emigrants from France with DE MONT, a French adventurer. It was named Acadia.

The colonists changed from French to the English then French again, till it was finally ceded to the British at the peace of Utrecht in 1713.
In 1760, some people from the County of Essex, in Massachusetts, obtained a grant of a Township of about twelve miles square, on the River Saint John, from the British Government. These people surveyed and explored the place then established settlement in Maugerville.

In April, 1783, around three thousand persons, men, women, and children, sailed from New-York for the River Saint John. Many of them were passengers, but most were people who had joined the British

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