19th Century Banks of Toronto
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This paper emphasizes the architecture of several banking buildings of 1845, 1874 and 1886, and their significance to the development of Toronto as a distinct financial center for Canadian finance and economics. The paper discusses how in all these structures, one sees the rise of Canadian confidence and pride in colonial and then independent economic achievement.
From the Paper:"The Commercial Bank of the Midland District (1844-5), the Bank of British North America (1873-4), and the Bank of Montreal (1885-6), offer examples that much would be found in then contemporary banking institutions at several points across the British Empire. All were reflections too, of greater prosperity and local economic diversification that had begun to take form in colonial Toronto after the 1830s, as it coincided with growth in population and also, capital investment, that was prompted by the recent unification of the colonies of Upper and Lower Canada. They are examples of British imperial architecture but they also proclaim a certain pride in the local. When details are examined and summaries read, it becomes clear that through the 19th century, Torontonians were developing an indigenous pride in what had been achieved in present-day Ontario. The banks' architects continued to be men educated in Britain but their time in Toronto undoubtedly permitted them to gain a sense of local sentiment that was more inclined to value the local as opposed to 'standards' set in the United Kingdom. The rise of banking in Upper Canada was symbolic of much else that was occurring to render earlier settlements of British North America, a place apart."
Cite this Term Paper:
19th Century Banks of Toronto (2003, November 17) Retrieved June 06, 2020, from https://www.academon.com/term-paper/19th-century-banks-of-toronto-37859/
"19th Century Banks of Toronto" 17 November 2003. Web. 06 June. 2020. <https://www.academon.com/term-paper/19th-century-banks-of-toronto-37859/>