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Major Industries in Niagara Falls - Case Study Example

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The paper "Major Industries in Niagara Falls" presents different business approaches that are implemented in Niagara Falls. It is in the municipality of Ontario. It overlooks the Horseshoe and carries nine times more water than the Niagara Falls in America…
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Major Industries in Niagara Falls
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Download file to see previous pages The City known as Niagara Falls was once a Township number 2 to Mount Dorchester. It was suggested that the United Empire Loyalists would inhibit it in the year 1781. Its roads were Concessions and Lines that became the main grids, the Portage Road that passes through Niagara Falls, and driveways that connect homesteads to the main arteries that became the Lundy’s Lane. The Portage road was used to portage goods in the land through the Niagara Falls in the western side of the River. The area previously was known as Mount Dorchester was renamed Stamford Township. The Stamford Township played a key role in the war of 1812- 1814. Since the area was a major site for the battle. This battle of Lundy’s Lane was the worst battle in Canada's soil. After it ended the US, the army attacked the Bridgewater Mills that was located in Dufferin Islands. There were constructions of hydroelectric stations in the first decade of the 20th century. In the 1920s and 1950s there were many projects introduced, those were essential to the development of electricity in the Niagara Falls. The economy of Stamford flourished and this led to the development of communities in the township especially in terms of trade and commerce. The area saw a growth in tourism where the debate about who won the battle about the Lundy’s lane paved a way for tourists to visit the area.
With the plentiful source of hydroelectric power by the waterfalls, many industries boomed especially electrochemical and electrometallurgical industries in the early 20th century. The industry in the 1970 and 1980s began to move out of the city due to the economic recession and the increase of global competition in the industry-manufacturing sector. Tourism was the most source of revenue for the city. In the 20th century, there was an exchange rate in comparing Canadian and US currencies where Ontario focused on tourism. ...Download file to see next pagesRead More
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