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After visiting Upper Canada in 1795, Duke de la Rochefoucauld explains Governor General Lord Dorchester's powers and their limitations [3] Dorchester lays out moves he had to make to keep U.S. Gen. Anthony Wayne from starting war at Detroit, given British diplomatic policy and U.S. politics [4]
The value of the dollar continued to be set by reference to the British sovereign and the American eagle, at the rate of 4.8666 Canadian dollars equal to £1, and ten Canadian dollars equal to the ten-dollar American eagle, the same rates as set in the 1853 Province of Canada legislation.
In 1850, the Bank of Upper Canada received the right to issue a coinage due to a severe coin shortage. The coinage consisted of 1/2 Penny and 1 Penny Bank Tokens. The obverse of the coins carried a representation of St.George slaying the dragon based on Benedetto Pistrucci's gold sovereign coinage design.
The Upper Canada Rebellion was an insurrection against the oligarchic government of the Family Compact in December 1837, led by William Lyon Mackenzie. Long term grievances included antagonism between Later Loyalists and British Loyalists, political corruption, the collapse of the international financial system and the resultant economic ...
Banking remained relatively decentralized until 1935, when the Bank of Canada was founded in response to the economic instability experienced during the Great Depression in Canada. First opened on December 5, 1980, Canada's Currency Museum is located on the ground floor of the Bank of Canada in Ottawa, Ontario .
William Lyon Mackenzie [a] (March 12, 1795 – August 28, 1861) was a Scottish Canadian-American journalist and politician. He founded newspapers critical of the Family Compact, a term used to identify elite members of Upper Canada.